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Jeff Bezos and UK government invest in £2bn British startup CuspAI

Summary

Company aims to develop AI software that cuts research times and use of rare metals in chipmakers’ supply chains.

SourceThe Guardian AIAuthor: Mark Sweney
Jeff Bezos and UK government invest in £2bn British startup CuspAI
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Company aims to develop AI software that cuts research times and use of rare metals in chipmakers’ supply chains

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Amazon’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.

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Key points

  • CuspAI raised $450m, valuing it at $2.6bn
  • Investors include Jeff Bezos and UK sovereign AI fund
  • Goal to become 'search engine for rare materials'

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