The government has already attracted more than £78bn of private investment in AI
Chancellor Rachel Reeves is under pressure to deliver a decisive push for AI in tomorrow’s highly anticipated Autumn Budget, with industry leaders calling for billions in investment, thousands of jobs, and a clear roadmap for UK growth.
The government has already attracted more than £78bn of private investment in AI, with a further £24.25bn committed in the last month alone.
A key initiative, the new ‘ AI Growth Zone’ in South Wales, is set to unlock £10bn in investment and create more than 5,000 jobs over the next decade.
Funding of £137m has also been earmarked to support scientists developing new drugs, cures, and treatments, part of a broader effort to cement the UK’s position as a leading AI hub.
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City A.M.

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