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UK Chancellor’s Autumn Statement backs AI

The Chancellor Of The Exchequer Presents The Autumn Statement
Photo: Leon Neal/Getty Images

Chancellor Jeremy Hunt pledges £500m ($625m) investment in UK AI.

UK Chancellor Jeremy Hunt used his autumn statement to set out plans to boost spending on “computer power” to develop artificial intelligence in the UK.

Hunt pledged his support for “innovative industries”. He said in the last decade the UK has grown to become the third largest technology sector