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UK set for AI tech boost as millions of pounds injected after action plan

Summary by City AM

The UK’s artificial intelligence (AI) sector has received an average of £200m in private investment daily since July 2024, as global firms rally behind Starmer’s blueprint to turbocharge AI. In the 24 hours that followed the government’s release on Monday, over £14bn of new investment has been reported, with pledges to create over 13,000 jobs across the UK. This news follows £25bn worth of new investment into the UK’s data centres which was anno…

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Information Security Buzz

UK Government Seeking To ‘Turbocharge’ Growth Through AI

Earlier this week, UK Prime Minister Keir Starmer released a statement and made a subsequent speech unveiling and endorsing his government’s AI Opportunities Action Plan (AOAP). He declared Artificial intelligence (AI) to be “the defining opportunity of our generation” foreshadowing that in the years to come there will be “barely an aspect of our society [...]

1 month ago

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City AM

UK set for AI tech boost as millions of pounds injected after action plan

1 month ago·London, United Kingdom

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Tech Monitor

UK government unveils £7m AI trial fund to boost SME productivity

The UK government has announced £7m in funding to support 120 projects aimed at integrating AI into small businesses.

1 month ago

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thechemicalengineer.com

UCL academics praise UK government’s new AI strategy as ‘positive shift’

ACADEMICS at University College London (UCL) who met with Sir Keir Starmer on Monday have welcomed the UK government’s new strategy on AI.

1 month ago

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decisionmarketing.co.uk

AI investment pours in to UK but privacy fears increase - DecisionMarketing

The UK’s AI sector has attracted an average of £200m a day in private sector investment since the Government took office last summer – an average of more than £8.3m every hour – as ministers ratchet up their crusade to put Britain at the forefront of the industry and be a change-maker rather than a change-taker. The new figures, which follow Prime Minister Sir Keir Starmer’s announcement of the “AI Opportunities Action Plan” earlier this week, …

1 month ago

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caithness-business.co.uk

+2 Reposted by 2 other sources

UK AI sector attracts £200 million a day in private investment since July

An average of £200 million in private sector investment has been funnelled into the UK's world leading AI sector every day since last summer. Monday's AI Opportunities Action Plan prompts more than £14 billion in fresh inward investment across the country.

1 month ago

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