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When Will the UK Have Its First £100 Billion Tech Firm?

James Wise, general partner at Balderton Capital, says the UK could soon have its first £100 billion tech company. Wise, who also serves as chair of the UK Government’s Sovereign AI fund, says policymakers must work with investors to help British firms scale globally. He speaks to Bloomberg’s Tom Mackenzie at London Tech Week. Watch…

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James Wise, general partner at Balderton Capital, says the UK could soon have its first £100 billion tech company. Wise, who also serves as chair of the UK Government’s Sovereign AI fund, says policymakers must work with investors to help British firms scale globally. He speaks to Bloomberg’s Tom Mackenzie at London Tech Week.

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11 Comments

11 Comments

  1. @JT_Williams

    June 14, 2026 at 3:52 am

    Lower tax would be a good start

    • @witness1013

      June 14, 2026 at 9:47 am

      oh yes – that makes people much smarter and more inventive

    • @WPaKFamily

      June 14, 2026 at 11:06 am

      @witness1013 It incentivizes them to stay in their country and create their wealth in said country while knowing they will get to keep much more of what they create you muppet.

  2. @STELLVIA.

    June 14, 2026 at 5:34 am

    Given their idiotic policies , NEVER

  3. @nypd8192

    June 14, 2026 at 5:51 am

    Is it joking? No chance in at least 30 years

  4. @MrTravolta24

    June 14, 2026 at 7:20 am

    Keep waiting…

  5. @witness1013

    June 14, 2026 at 9:47 am

    It’ll happen when they invent smart British people. Oh wait – that’s not possible.. so.. never!

  6. @JulesKruijtzer

    June 14, 2026 at 12:06 pm

    Uk spends that on imprting “skilled” workers from Pakkistan

  7. @Pickle_Rick-m4o

    June 14, 2026 at 2:39 pm

    Won’t happen under the joke of a government, they are turning us into a global laughing stock…

  8. @MrTravolta24

    June 14, 2026 at 3:13 pm

    All successive governments know how to do is raise taxes. Zero innovation, zero ideas on attracting capital investment to the country.

  9. @Consistent-Nerd

    June 14, 2026 at 6:55 pm

    The UK has a weak entrepreneurship culture, made worse by the British class system. It often feels much harder for someone with a strong idea but no elite background to move up and succeed. The US seems almost the opposite, more open to ambition, risk, and people building something from nothing.

    So my guess is, not anytime soon. The UK is still too risk averse and status driven to produce that kind of founder culture at scale.

    Most people in the UK care more about where someone’s degree came from or what their background is rather than the idea itself.

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Microsoft Security EVP Hayete Gallot explains why AI is forcing a complete rethink of cybersecurity, how the company’s new “Project Perception” aims to defend against machine-speed attacks and why the recent OpenAI/Hugging Face incident was a wake-up call for the industry.
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Morgan Hitzig, general partner at Overmatch Ventures, explains why investing in “single points of failure,” or SPOFs, is at the core of its investment thesis. She speaks with Ed Ludlow about the growing appeal of supply-chain-focused firms to venture capital on “Bloomberg Tech.”
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Palantir, the controversial American data-mining firm with ties to the Trump administration, is facing challenges from an obscure French firm. Bloomberg’s Mark Bergen joins “Bloomberg Tech” to explain why Palantir’s infamy has created a sense of urgency in Europe to repatriate key services that have long been outsourced to the firm.
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