UK Government Shelves £1.3bn Tech and AI Funding

Team S · 2024-08-14T07:48:51.000Z

The new Labour government has halted £1.3 billion in funding for technology and AI projects previously promised by the Conservatives. This includes £800 million for an exascale supercomputer at the University of Edinburgh and £500 million for AI Research Resource. The Department for Science, Innovation and Technology (DSIT) stated these were unfunded commitments, necessitating difficult spending decisions to restore economic stability. The decision has drawn criticism from industry leaders, who warn it could hinder the UK's tech sector. The future of the Edinburgh supercomputer project is uncertain, with the university having already invested £31 million in preparation. Despite the cuts, DSIT remains committed to developing technology infrastructure and has launched an AI Opportunities Action Plan to identify new AI opportunities. https://www.bbc.co.uk/news/articles/cyx5x44vnyeo

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UK Government Shelves £1.3bn Tech and AI Funding | Newnex