UK Lends £1.3 Billion Funding For Businesses And Startups Working On AI Projects

The newly elected UK Labour government has just pulled funding of £1.3 billion allocated to technology and artificial intelligence (AI) projects by the previous Conservative administration.

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This funding package, which included £800m for the exascale supercomputer and £500m for the AI Research Resource.

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Shadow Science Secretary Andrew Griffith attacked the decision, saying it foreshadowed further cuts under Labour.

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It had planned to install the UK’s first exascale supercomputer, capable of one billion billion calculations per second – 50 times faster than any machine in the UK.

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The University of Edinburgh already hosts Archer2, the national supercomputer, and £31 million had already been invested in infrastructure to house the exascale system.

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