Ashurst advises British Business Bank and the UK Sovereign AI Fund on investment in Ineffable Intelligence's Seed Fundraising Round

Global law firm Ashurst has advised the British Business Bank and the UK Sovereign AI Fund on its investment as part of Ineffable Intelligence's $1.1 billion seed funding round. Ineffable is a British AI company building a new AI that can learn for itself and discover new knowledge, not just repeat patterns from human data.

The Ashurst team was led by Corporate partner Jacob Gold, senior associate Dillon Fuzi and associate Elnaz Cadogan.

Jacob Gold commented "We are pleased to advise longstanding client, the British Business Bank, and the UK's Sovereign AI Fund on their co-investment in such an innovative British company, led by a pioneer at the frontier of AI technology."