The UK government has scrapped £1.3 billion in funding aimed at supporting technology and AI-related projects across the country, impacting commitments such as an exascale supercomputer at the University of Edinburgh and the AI Research Resource scheme. This action reflects a cost-cutting initiative by the new government amidst unfunded commitments and emphasizes the shift in priorities to restore economic stability.
The additional £500 million in funding for the AI Research Resource scheme has been withdrawn, although £300 million has already been allocated. Despite the funding cuts, officials emphasize that the government remains committed to supporting technology investments but must make tough decisions to address financial constraints and promote economic growth.
Future investments in compute infrastructure will be part of the AI Opportunities Action Plan, which aims to leverage AI for economic growth. Led by tech entrepreneur Matt Clifford, this initiative signifies a strategic approach to utilizing AI capabilities to drive positive outcomes and propel national growth objectives.
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