UK government backs $5bn AI startup Ineffable Intelligence

The investment has been made though the UK’s Sovereign AI fund and the British Business Bank which put up $20 million. The amount invested by the $500 million  Sovereign AI Fund has not been disclosed.

Ineffable was founded by David Silver (pictured) a professor at UCL who worked at Google DeepMind.

The company’s target is to create new knowledge by learning for itself rather than regurgitating existing knowledge. Instead of being trained only on existing data, Ineffable’s systems interact with their environment, test ideas, and improve over time, allowing them to discover new solutions and insights.

Ineffable says that its goal is to create a superlearner – an AI system that can teach itself without having to rely on data generated by humans. “If successful this will represent a scientific breakthrough or comparable magnitude to Darwin,“ says the comoany

“David Silver is one of the world’s foremost AI leaders, now taking one of the world’s most innovative approaches to frontier AI,” says AI minister Kanishka Narayan, “I am delighted that he is doing so right here in the UK, backed by the full support of the British state.”