UK will invest ₹3,400 crore in startups to prevent buyouts
The UK government has announced plans to invest ₹3,400 crore (£400 million) into venture capital via the British Business Bank, in order to prevent the sale of promising UK startups to foreign buyers. Some of the major technology acquisitions from UK include artificial intelligence company DeepMind, which was sold to Google and keyboard software firm SwiftKey, bought by Microsoft.