U.K. Unveils $1.4 Billion Drive Into Artificial Intelligence
- Ministers announce 300 million pounds of new expenditure
- Sector deal is fourth under May’s flagship industrial strategy
No One Is Sure How Good, or Bad, AI Will Get
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U.S. tech giants, European telecoms firms, Japanese venture capital and the U.K. government has put together a 1 billion-pound ($1.4 billion) investment into the U.K. artificial intelligence industry, as governments weigh how to compete with China.
The deal comprises a total of 300 million pounds of private financing, 300 million pounds of new government spending in addition to 400 million pounds the state has already announced.