UK chancellor pledges hundreds of millions for AI security and growth in budget

Briefing by News4U · First published

John Healey will commit hundreds of millions of pounds to a “distinctively British” AI strategy, including a new AI Biosecurity Lab and AI Centre of Excellence.

The Guardian Business reported that Chancellor John Healey pledged to use Wednesday’s budget to commit hundreds of millions of pounds to a “distinctively British” approach to AI that aims to bolster Britain’s security and prosperity, including fresh funding for the AI Security Institute and a new AI Biosecurity Lab backed by up to £300m in public-private investment. [1]

Healey also announced new AI chip design capability in Edinburgh, an AI Centre of Excellence in Manchester and £10m a year to study how AI will reshape jobs and industry. [1]

Sources

  1. John Healey pledges to use budget to harness power of AI to bolster Britain’s security

    The Guardian Business · · Full text

Link to this briefing · Back to news