Artificial Intelligence: Finance
2026-06-21 · Department for Science, Innovation and Technology · 11729 · Official question
Question
To ask the Secretary of State for Science, Innovation and Technology, what assessment has been made of the potential impact on (a) UK business, (b) the UK tech industry and (c) wider impacts of decreases in AI funding.
Answer
We recently announced a £1.1 billion AI Hardware Plan to back British firms developing the chips and computing power behind AI. This includes our Advance Market Commitment to equip the UK’s AI Research Resource (AIRR) with powerful next generation inferen...