Here's my second quarterly update as Chair of Sovereign AI, now that I'm 6 months into the role.
Since the last update we have:
- formally launched the fund 🥳
- completed our first equity investments 💷
- set up our investment process, legal structure and hired more leadership 👩💼
- set out our investment criteria 📖
The response has been amazing. 130 applications for compute access (60M GPU hours of demand), close to 100 direct applications for equity funding. Already investing in critical areas of AI, alongside the worlds best VCs.
My goals for the next quarter:
- more investments, with 6 approaching IC in coming weeks 💷
- the next procurement programme 📜
- deeper research collaborations 🔬
- and a UK tour 🇬🇧
We're also hiring two Investment Partners.
You can find full details and read the report in the link below, and find live updates on applications and jobs on our website.
Huge thanks to everyone who has supported us so far!