Government cuts £1.3bn of UK tech and AI funding

The new Labour Government has shelved £1.3 billion of “unfunded” investment for UK tech and AI projects promised by the Conservatives. 

The Department for Science, Innovation and Technology (DSIT) said no new funding for the programmes had been allocated in the previous Tory government’s spending plans, and therefore will not be taken forward.

It included £800 million for the creation of an exascale supercomputer at the University of Edinburgh and £500 million of additional funding for the AI Research Resource, a scheme which helps fund computing power for AI.

By Martyn Landi.

Full story at Yahoo News.