Government Invest

• Jeff Bezos and the UK government have invested in CuspAI, a Cambridge-based AI startup now valued at $2.6bn (£2bn). • The company raised $450m (£330m) to develop AI software designed to act as a "search engine for rare materials," reducing research times and reliance on rare metals in chip supply chains. • CuspAI has launched the AI Materials Foundry, a coalition of over 48 tech companies, industrial firms, and research facilities to accelerate material discovery.

Company aims to develop AI software that cuts research times and use of rare metals in chipmakers’ supply chainsBusiness live – latest updatesAmazon’s founder, Jeff Bezos, and the UK government have invested in a £2bn British artificial intelligence startup that is aiming to become the “search engine for rare materials” that accelerates the next wave of technological breakthroughs.The Cambridge-based CuspAI has raised $450m (£330m) in funding from investors including Bezos and the government’s sovereign AI fund, valuing the two-year-old business at $2.6bn. Continue reading...

• On June 10, 2026, the UK government announced a new set of proactive measures designed to support domestic tech startups. • The initiative aims to foster innovation and provide a transformative framework for emerging companies facing investment risks. • This move is critical for maintaining the UK's competitiveness in the global technology sector by stabilizing funding environments.

Technology secretary plays down fears over jobs and cyber security as stake taken in British startupThe UK technology secretary has urged the country to “make AI work for Britain”, brushing off fears about its impact on jobs and cybersecurity as the government announced its first investment under a £500m sovereign AI fund. Liz Kendall said the UK had to “seize” the opportunity offered by AI despite concerns underlined this month when US startup Anthropic revealed it had developed an AI model that posed a potentially significant cyber threat. Asked how the government makes the case for embracing a technology that could disrupt jobs and now cybersecurity, Kendall said: “We have to seize this to make it work, for Britain, for our jobs, for solving the biggest challenges we face as a world.”Speaking on Thursday as the government unveiled its first investment in a UK company as part of a £500m sovereign AI fund, Kendall acknowledged “people are worried about the risks and what it means for their jobs”, but AI entrepreneurs also believed they can “make it work … they can create jobs”. Continue reading...

South Asian Muslim and caste-oppressed Hindu community representatives accuse multiculturalism minister and department of discriminationGet our breaking news email, free app or daily news podcastThe Australian Human Rights Commission is investigating a complaint against the New South Wales multiculturalism minister and his department over allegations of racial discrimination against organisations representing south Asian Muslims and caste-oppressed Hindu communities.According to an email seen by Guardian Australia, the Human Rights Commission last month accepted the complaint, against Steve Kamper and his department, for investigation. Continue reading...