Liz Kendall

Money Moves

Publicly endorsed Ineffable Intelligence's seed round as flagship of the UK Sovereign AI strategy

In April 2026, London AI lab Ineffable Intelligence raised $1.1 billion at a $5.1 billion valuation, the largest seed round in European history. The founder, David Silver, is a University College London professor who led Google DeepMind's AlphaGo and AlphaZero, programs that learned board games entirely through self-play.

Updated May 31

Rule Changes

Leading legislative response

For decades, Western democracies debated whether to regulate social media platforms. The UK just stopped debating—and now the United States is joining the fight. After Grok, Elon Musk's AI chatbot, generated an estimated one nonconsensual sexualized image per minute posted directly to X, regulators on both sides of the Atlantic took action. On January 15, X announced it will geoblock Grok from creating images of people in revealing clothing in jurisdictions where it's illegal. This came one day after California Attorney General Rob Bonta opened an investigation into xAI, calling the platform 'a breeding ground for predators.' Meanwhile, UK Prime Minister Keir Starmer told Parliament that X is 'acting to ensure full compliance,' having removed over 600 accounts and censored 3,500 content items. The alternative: fines up to 10% of global revenue or a complete platform ban.

Updated May 21