Government funds self-learning AI company - Computer Weekly

The UK government's £500m Sovereign AI Fund is co-investing with the British Business Bank to back Infeffable Intelligence, a company developing self-learning algorithms. This is one of the first direct investments from the fund, though the exact amount contributed to Infeffable Intelligence was not disclosed.

Infeffable Intelligence describes its technology as creating algorithms that learn autonomously without extensive human input. The company's name alludes to the concept of ineffability, suggesting their AI systems may produce outcomes that are difficult to explain. The funding is expected to support the company's research and development over several years.

The co-investment model is intended to leverage public funds to attract private capital, and the government has stated it will monitor outcomes.