• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
UK Updates AI Strategy to Cut Costs

UK Updates AI Strategy to Cut Costs

user avatar

by Giorgi Kostiuk

a year ago


  1. Government Scraps Billions in Commitments
  2. Assurances in AI Development
  3. Impact of the New Strategy
  4. The UK government is revising its AI strategy in the public sector by hiring expert Matt Clifford to develop a more cost-effective approach to AI technology.

    Government Scraps Billions in Commitments

    The Labour Government led by Keir Starmer, which came to power in July 2024, has indicated plans to forgo spending the £1.3 billion previously earmarked for technology investments. This includes the £800 million promised for developing a supercomputer at the University of Edinburgh. Part of the investments the Conservatives were pursuing included the establishment of an AI Safety Institute, which was to be based in San Francisco.

    Sources cited by Reuters say that the shift in approach has also affected senior employees who were hired to implement the AI plan. "Labour always needs to somehow look different to the Tories, and reining in the AI safety stuff, the focus on existential risks, is an easy way to do that," said the source cited by Reuters. Among those affected was Nitarshan Rajkumar, who was fired from his job as senior AI policy advisor to the UK Government.

    Assurances in AI Development

    The latest development in the UK contrasts sharply with France, which is positioning itself as the capital of generative AI in Europe. France recently committed $2.77 billion towards developing the technology locally. However, despite the changes to the AI strategy, the Labour administration reassures its constituency that it remains committed to deploying emerging technologies to better service delivery and public service efficiency.

    Tech Minister Peter Kyle has indicated that the government recognizes AI’s transformative abilities and wants to leverage it to enhance growth and opportunities for everyone in the UK. They have already recruited techpreneur and maverick Matt Clifford to come up with a more cost-effective AI plan to achieve almost the same goals that the Conservatives were aiming for, but at a fraction of the cost.

    Impact of the New Strategy

    There are fears that the new stance may result in the UK being left out of the technology race as other European countries announce heavy investments into AI. The European Union is increasing efforts to integrate and advance AI, emphasizing bolstering digital infrastructure and capabilities within member states to match global tech leaders. Countries like Italy and Spain are leading, accounting for 71% of total investments into AI within the Next Generation EU (NGEU) Recovery and Resilience Facility (RRF).

    The UK's new AI strategy has elicited mixed reactions. Some see it as a step towards cost-saving and efficiency, while others fear that the country might lose its technological edge compared to other European nations actively investing in AI.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Investor Interest Soars Amid Market Democratization

chest

The success of IPO Genie's presale has attracted significant attention from both retail and institutional investors, indicating a shift towards democratizing access to private markets.

user avatarMaria Fernandez

IPO Genie Presale Surpasses 114,000 Milestone

chest

IPO Genie, an emerging Web3 platform, has launched its presale in early November 2025, successfully accumulating over 114,000.

user avatarKenji Takahashi

Investor Optimism Grows Around Alphabet Inc's TPUs

chest

Investors are increasingly optimistic about Alphabet Inc's tensor processing units (TPUs) as a potential major source of revenue.

user avatarRajesh Kumar

Raoul Pal Explains Current Crypto Market Dynamics

chest

Raoul Pal discusses the current state of the crypto market, emphasizing a temporary liquidity gap rather than a market top.

user avatarGustavo Mendoza

AI16Z Rebrands to ELIZAOS

chest

AI16Z has officially rebranded to ELIZAOS, marking a significant shift in its mission to build a comprehensive AI Agent operating system.

user avatarDiego Alvarez

Analysts Monitor Solana's Market Performance

chest

Analysts are currently monitoring Solana's market performance as it trades near 143.20, showing modest weekly gains. They have identified a potential double-bottom formation with neckline resistance at 148 to 150. A breakout above this level could pave the way for prices to reach 165 and later 180. However, if the price is rejected, it may fall back to the range of 128 to 132. Strong accumulation near 130 is supporting bullish expectations for Solana.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.