Ministers to force reporting of AI hacks

Good morning,

I'm on my way to west London to find out more on how the government is planning to tackle AI risks, but before that some even more important news.

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Happening Today 📆

In west London: AI minister Kanishka Narayan gives a speech setting out how Britain will respond to AI risks, including through an amendment to the Cyber Bill. He'll say managing risks can't be left to frontier companies, and the UK must build more home-grown tech firms if it wants to shape international rules.

Buying it: VC firm General Catalyst has released a paper this morning which argues that public procurement is Europe’s biggest and least-used lever for scaling startups. Shifting one percentage point of spending towards them would redirect roughly €25bn a year, the authors write, but blame fragmented buying across thousands of public authorities, lowest-price tenders and slow procedures.