LONDON, June 8 (Reuters) – Britain set out a new £1.1 billion ($1.47 billion) plan on Monday to build domestic AI computing capacity, including a new national supercomputer and funding to back homegrown chip firms.
The strategy builds on a £400 million commitment announced by Prime Minister Keir Starmer at London Tech Week earlier on Monday for specialist AI chip purchases, part of a wider effort to strengthen the country’s sovereign computing capability.
What are Britain’s key AI computing investments?
What support is available for UK chip companies?
When will Britain’s AI infrastructure be operational?
How will the £750 million supercomputer work?
Below are the key details of Britain’s commitment, set out by the government:
• A £750 million national AI supercomputer will deploy in 2030, using a mixed chip system combining proven and next-generation processors.
• £400 million of the supercomputer budget will go towards next-generation chips, including £150 million for inference chips to be purchased this summer from British firms.
• A fund led by U.S. venture capital firm Playground Global and backed by up to £150 million from the British Business Bank will invest in UK AI hardware companies.
• The BBB’s commitment marks the largest single fund investment the bank has ever made.
• Playground Global will open its first office outside the U.S. in the UK.
• A £120 million AI hardware innovation programme will fund British companies to design, develop and test novel chips.
• £45 million in new skills support brings total government AI hardware sector skills funding to £80 million.($1 = 0.7488 pounds)
https://finance.yahoo.com/sectors/technology/articles/uk-sets-1-5-billion-130318092.html?shem=rimspwouoe,
