he UK venture capital market has split. HSBC data shows late-stage AI deals are getting founder-friendly terms, while early-stage startups face a tougher market.

UK AI investment hit a record £8.3 billion in 2025 – but founders say scaling is harder than the numbers suggest.

he UK venture capital market has split. HSBC data shows late-stage AI deals are getting founder-friendly terms, while early-stage startups face a tougher market.