this post was submitted on 04 Aug 2024
121 points (99.2% liked)

Technology

74319 readers
3329 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
L4s@hackingne.ws
121
Government shelves £1.3bn UK tech and AI plans (www.bbc.com)
submitted 1 year ago by MCasq_qsaCJ_234@lemmy.zip to c/technology@lemmy.world
10 comments fedilink hide all child comments
 

The new Labour government has shelved £1.3bn of funding promised by the Conservatives for tech and Artificial Intelligence (AI) projects, the BBC has learned.

It includes £800m for the creation of an exascale supercomputer at Edinburgh University and a further £500m for AI Research Resource, which funds computing power for AI.

Both funds were unveiled less than 12 months ago. The Department for Science, Innovation and Technology (DSIT) said the money was promised by the previous administration but was never allocated in its budget.

Some in the industry have criticised the government's decision. Tech business founder Barney Hussey-Yeo posted on X that reducing investment risked "pushing more entrepreneurs to the US." Businessman Chris van der Kuyl described the move as "idiotic."

you are viewing a single comment's thread
view the rest of the comments
[–] doodledup@lemmy.world 0 points 1 year ago* (last edited 1 year ago) (1 children)

You need to invest in the future aswell as the present.

[–] essteeyou@lemmy.world 2 points 1 year ago (1 children)

I agree with that, and AI is an interesting thing to invest in. I just think there are more immediate requirements for the country in the short term. I only saw a small part of the country, but it's got significantly worse in 5 years, and will certainly not benefit from a small investment in Edinburgh or wherever this was supposed to go.

[–] doodledup@lemmy.world 1 points 1 year ago

You need to invest in both. You might not get an immediate return on this investment. But it's the future without a doubt. Investing in AI doesn't mean money isn't invested elsewhere too. It's probably two different funding buckets anyways.