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UK Government Shelves $1.66 Billion Tech and AI Plans

An anonymous reader shares a report: The new Labour government has shelved $1.66 bn of funding promised by the Conservatives for tech and Artificial Intelligence (AI) projects, the BBC has learned. It includes $1 bn for the creation of an exascale supercomputer at Edinburgh University and a further ...

An anonymous reader shares a report: The new Labour government has shelved $1.66 bn of funding promised by the Conservatives for tech and Artificial Intelligence (AI) projects, the BBC has learned. Tech business founder Barney Hussey-Yeo posted on X that reducing investment risked "pushing more entrepreneurs to the US." Trade body techUK said the government now needed to make "new proposals quickly" or the UK risked "losing out" to other countries in what are crucial industries of the future.

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