From AI potential to agentic reality: Driving the UK's next chapter

Today, as we welcome our partners once again to the historic vaults of Tobacco Dock, that potential has become an industrial-scale reality . In my conversations with leaders across both Whitehall and The City, the focus has moved from chatbots and media experiments to full-production execution. This is the moment of the agentic enterprise , where we shift from systems that simply chat with us to systems that can reason, plan, and execute multi-step workflows.

This transition is the cornerstone of the UK's projected £400 billion economic boost from AI by 2030. At Google Cloud, we are the only provider offering the full integrated stack - custom silicon, frontier models, and planet-scale infrastructure - required to turn the Agentic Enterprise into a reality. The new frontier of British enterprise and research The banking sector is a key proving ground for this shift.

And HSBC , one of the largest and most important financial institutions in the world, is showing the way. Today, we're announcing a multi-year transformational partnership with HSBC to accelerate AI adoption across HSBC's products and services globally. This new collaboration will further accelerate the shift towards AI-enabled ways of working across HSBC's global operations.

HSBC will work with Google Cloud and Google DeepMind engineering teams to collaborate on new AI-powered tools and programmes, with access to Google's latest agentic AI capabilities - including Gemini models and the Gemini Enterprise Agent Platform. The initial delivery focus on three areas: hyper‑personalised wealth management support, stronger financial crime risk management, and AI tools to enhance frontline/relationship manager client service UK startups also continue to break new ground with technology, and AI in particular, as demonstrated by the work of frontier labs like Ineffable Intelligence . The company, which launched earlier this year, has chosen Google Cloud as its preferred cloud partner, utilizing Google's full stack of AI-optimized hardware and tools to build and train Ineffable's first generation of foundational models.

Led by David Silver, a former Google DeepMind researcher who was instrumental in the AlphaGo project , Ineffable Intelligence is taking a unique approach to AI development. The team are building systems that learn primarily through their own experience through reinforcement learning , instead of relying on the large-scale human-generated datasets behind language models. The ambition is to create a "superlearner" that develops knowledge through trial and error.

This year, Ineffable Intelligence set a record for a European seed funding round of $1. 1 billion, and now Ineffable Intelligence will support its training work by deploying one of the largest clusters of A5X, powered by the NVIDIA Vera Rubin NVL72 platform on Google Cloud, delivering massive computational scale. To move from experimentation to true industrial production, businesses need more than just models; they need a roadmap.

To help show them the way, we're expanding our partnership with Deloitte , which will open a new AI Studio at its London campus. Developed in collaboration with Google Cloud, the studio will help British organisations move beyond AI experimentation to deploy autonomous, action-oriented AI systems at scale. Deloitte is also committing to upskill 1,000 members of its UK AI and data workforce on Gemini Enterprise .