Tech sector backs British AI industry with multi million pound investment

£1 billion deal to put the nation at the forefront of the artificial intelligence industry.

  • More than 50 leading technology companies and organisations have contributed to the development of an AI Sector Deal worth almost £1 billion, including almost £300 million of private sector investment into UK sector
  • 1,000 new government funded AI PhDs will keep the UK at the forefront of innovation and build UK status as AI research hotspot

The deal between government and industry, announced by Business Secretary Greg Clark and Digital Secretary Matt Hancock today (Thursday 26 April 2018), also includes more than £300 million of newly allocated government funding for AI research to make the UK a global leader in this technology.

Read the full Press Release here

Published 26 April 2018
From:
Department for Digital, Culture, Media & Sport, Department for Business, Energy & Industrial Strategy, The Rt Hon Greg Clark MP, and The Rt Hon Matt Hancock MP