Artificial Intelligence: Finance

(asked on 27th February 2024) - View Source

Question to the Department for Science, Innovation & Technology:

To ask His Majesty's Government what steps they are taking to invest in the development of technologies associated with the fourth industrial revolution.


Answered by
Viscount Camrose Portrait
Viscount Camrose
Parliamentary Under Secretary of State (Department for Science, Innovation and Technology)
This question was answered on 12th March 2024

The Science and Technology Framework sets out our plan for investing in 5 critical technologies: Artificial Intelligence (AI); engineering biology; future telecommunications semiconductors; and quantum technologies. These have been chosen because they draw on UK strengths and create opportunities for growth, while also supporting national security, and UK goals such as net zero. We have already committed significant investment to those technologies, including £2.5 billion for quantum technologies and £2 billion for semiconductors over the next decade; up to £1 billion through our Semiconductors Strategy; and £1.5 billion in compute infrastructure across the exascale and AI Research Resource (AIRR) programmes.

Reticulating Splines