UK backs smaller AI projects, scraps major investments

Written by David Fletcher 08 Aug 2024
UK backs smaller AI projects, scraps major investments

The UK government has announced a £32 million investment in nearly 100 AI projects nationwide, despite the new Labour government's controversial decision to cancel £1.3 billion in tech funding previously promised by the Conservatives. This funding supports 98 projects, enhancing construction safety and prescription delivery efficiency, benefiting over 200 businesses and research organisations across the UK. Rick McConnell, CEO of Dynatrace, praised the investment, emphasising its potential to drive immediate value and attract private sector confidence in AI. However, the Labour government's decision to scrap major projects like the £800 million exascale supercomputer and £500 million for AI Research Resource has raised concerns about the UK's commitment to tech innovation. Minister for digital government and AI, Feryal Clark, reiterated the importance of AI for economic growth and public service improvement.

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