Artificial Intelligence: Investment

(asked on 2nd December 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 and encourage the development of new AI technologies in the UK.


Answered by
Lord Vallance of Balham Portrait
Lord Vallance of Balham
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 16th December 2024

We are committed to building an AI sector that can scale and win globally, ensuring conditions are right for global AI companies to want to call the UK home. The AI Opportunities Action Plan will outline how we achieve this by securing the necessary infrastructure, talent and data access.

Our publicly funded portfolio of AI R&D investments is worth over £1 billion, with commitments extending beyond 2030. Key investments include £217M in two tranches of AI centres for doctoral training, £86M in AI research hubs, and £100M into BridgeAI, which supports businesses to adopt AI and develop cutting-edge AI technologies.

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