The UK government has launched a venture fund for investing in domestic AI startups , part of a bid to minimize the country’s dependence on foreign-made technology.

The fund, Sovereign AI, will invest roughly $675 million in homegrown startups in fields ranging from model development to agentic AI to drug discovery. In addition, portfolio startups will gain access to the UK’s fleet of supercomputers , free visas for international hires, procurement opportunities, and advice from specialists within government.

Sovereign AI will be led by James Wise, a partner at VC firm Balterdon Capital, and Joséphine Kant, formerly of Dogwood Ventures and Y Combinator, an accelerator program whose funding helped establish OpenAI .

On Thursday, the fund announced an investment in Callosum, a startup developing software that helps different classes of processors to function effectively alongside one another.…