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Britain's Biggest Banks, Defence Primes, and Telecoms Are Betting on a Three-Year-Old Startup to End Their Dependence on American AI

Cosine, the UK government-backed AI startup, has assembled a coalition of major British institutions, including BT, Babcock International Group, Lloyds Banking Group, LSEG, NatWest Group, PwC, Thales UK, and Telefónica Tech UK&I, to co-design Lumen Sovereign, a frontier AI model to be trained entirely on British soil. The model will run on Isambard-AI, one of Europe’s most powerful supercomputers, using compute awarded through the UK government’…
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City AM broke the news in London, United Kingdom on Monday, June 8, 2026.
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