“But the AI industry needs a government that stands by it, that does not stand idly by and does not let opportunities slip away,” defended the Labor leader in this press release.
This plan, which the Prime Minister will present in a speech on Monday, should make it possible to “attract AI companies, new investments and create new jobs to the United Kingdom,” said Finance Minister Rachel Reeves.
The government has also pledged to increase the UK’s computing capacity 20-fold by 2030, including creating a new “supercomputer”.
Prime Minister Keir Starmer, who came to power in July, has made reviving the economy the priority of his mandate.
But he is struggling to deliver on his promises with sluggish growth, rising borrowing costs and a falling pound sterling, which could lead to further tax rises or budget cuts.
