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US & UK AI startups hit record valuations amidst investment boom

Drone in air
Photo: Anna Barclay/Getty Images

AI startups in the US are hoping to get a slice of the government’s huge defence budget.

There are early indications that 2025 will see an investment spree in artificial intelligence (AI) to match the last couple of years, as startups in the US and the UK hit record valuations.

AI technology that can be used for military purposes is drawing significant attention from investors in the US,