Question to the Department for Science, Innovation & Technology:

To ask His Majesty's Government what assessment they have made of recent increases in investments received by United Kingdom-based artificial intelligence companies.

Since this government came to power, nearly £100 billion worth of investment has been pledged to be spent in the UK's AI sector.

Throughout this time, many of our world-leading AI start-ups have raised significant investment. For example, Wayve have raised $1.2bn to deploy its autonomous driving software, including in London; and ElevenLabs raised $500m at an $11bn valuation, to expand its research and product development and continue its international expansion. David Silver, one of Britain’s top AI researchers, has raised more than $1bn in seed funding for his new London-based AI startup, Ineffable Intelligence, including investments from the British Business Bank and the Sovereign AI Fund.