"Our plan will make Britain the world leader," Prime Minister Keir Starmer said, emphasising the creation of "more jobs and investment in the UK, more money in people's pockets, and transformed public services."
The strategy involves boosting public computing capacity twentyfold, creating a training data library, and building AI hubs in deindustrialised areas, marking a clear turn from the risk-averse approach.
In August 2024, the number of tech startups founded in the U.K. suffered its first marked decline since 2022, indicating a need for this AI boost.
Microsoft's report found that almost half of U.K. SMEs do not use AI technologies, with 72% citing concerns about unreliability as a barrier to adoption.
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