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More than 1 in 3 'sovereign' AI firms US-owned, FOIs reveal
Freedom of Information responses from the Department for Science, Innovation and Technology (DSIT) reveal four of the nine companies backed by the government's £500m Sovereign AI Fund are ultimately controlled by US parent companies One recipient, Odyssey, is headquartered in the United States, with only an R&D hub in London DSIT confirms no binding conditions were attached to the Fund's equity investments — no requirements on UK jobs, tax residency or the location of intelle
7 days ago
‘Don’t tax humans more than AI machines’, progressive coalition tells Chancellor
Trade unions and civil society organisations sign open letter to Chancellor Rachel Reeves Groups warn government is "not thinking big enough" as AI threatens to further shift wealth from workers to capital Letter calls for capital gains tax to be increased in line with any shift of income from labour to capital, to prevent AI making machines cheaper than people Intervention marks a step-change in how progressive organisations are engaging with the topic of AI. A coalition of
May 27
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