UK wants to build sovereign AI — with just 0.08% of OpenAI’s market cap

The UK government has created a Sovereign AI investment fund with up to £500 million (US$675 million) to spend on turning UK startups into national AI champions. Its support could involve investments of up to £20 million per startup, or provision of up to 1 million GPU-hours of AI compute, and fast-tracking of visas to bring skilled workers to the UK. The multi-million-pound budget sounds impressive, but it’s just 0.08% of OpenAI’s recent $852 billion valuation. That company just received...