Labour pulls £1.3bn funding for ultra-fast supercomputer and AI projects
- The new Labour Government has shelved £1.3 billion of "unfunded" investment for UK tech and AI projects promised by the previous Conservative government.
- The Department for Science, Innovation and Technology stated no new funding had been allocated by the previous government.
- The government is making tough spending decisions due to billions of pounds of unfunded commitments.
13 Articles
13 Articles
Government cancels £1.3bn in AI funding as spending cuts bite
The new Labour Government has shelved £1.3bn of “unfunded” investment for UK tech and AI projects promised by the Conservatives. The Department for Science, Innovation and Technology (DSIT) said no new funding for the programmes had been allocated in the previous Tory government’s spending plans, and therefore will not be taken forward. It included £800m for the creation of an exascale supercomputer at the University of Edinburgh and £500m of ad…
"Pro-Growth" Labour Scrapping Investment into UK Tech and AI
The so-called “government of growth” has abandoned yet another investment initiative—the £1.3 billion fund aimed at supporting UK tech and AI projects. The Edinburgh exascale supercomputer’s future has been thrown up in the air – one of the world’s fastest computers that could revolutionise breakthroughs in AI, medicine, and…clean low-carbon energy.[…] Read the rest
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