Breaking news

Ineffable Intelligence Raises $1.1 Billion For AI Expansion

A Bold New Vision For Artificial Intelligence

British AI lab Ineffable Intelligence has emerged as a formidable disruptor in the technology arena, recently securing $1.1 billion in funding at a valuation of $5.1 billion. Founded by former DeepMind researcher David Silver, the firm is poised to challenge the prevailing paradigms in AI by developing groundbreaking models that transcend the capabilities of current large language models.

Revolutionizing Learning Through Reinforcement

Central to the company’s strategy is a system described as a “superlearner”. Development is based on reinforcement learning, where models improve through interaction and feedback rather than relying primarily on human-curated datasets. This approach builds on methods previously demonstrated in systems such as AlphaZero, which learned complex tasks through self-play.

Legacy And Ambition Collide

Work at DeepMind shaped Silver’s approach to AI development. Projects involving games such as chess and Go demonstrated how systems can achieve high performance through iterative learning. At Ineffable Intelligence, this direction is being extended toward more general applications, to identify scalable principles for training AI systems.

Strategic Investments And The Future Of AI Hubs

The funding round included investors such as Sequoia Capital, Lightspeed Venture Partners, Index Ventures, Google, and Nvidia. Additional support from institutions, including the British Business Bank, reflects broader interest in strengthening the domestic AI sector.

London’s Role In AI Development

London continues to attract AI investment and talent. The ecosystem has expanded since Google’s acquisition of DeepMind in 2014, with new ventures and research initiatives building on that foundation. Emerging companies, including Recursive Superintelligence, indicate continued activity in the local market.

Philanthropy And Purpose-Driven Innovation

David Silver has indicated that a portion of his personal earnings will be directed toward charitable initiatives focused on life-saving interventions. This commitment adds a social dimension to the work of Ineffable Intelligence, alongside its focus on advancing AI research and system development.

As competition in AI model development intensifies, attention will focus on whether the company can translate its research approach into scalable, self-learning systems. Its funding base and technical direction position it among closely watched entrants in the sector.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

eCredo
Aretilaw firm
The Future Forbes Realty Global Properties
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter