Friday, 24 March, 2023

UK Chancellor announces £1M annual AI prize and £900M for exascale computer

<p>The UK Chancellor, Rishi Sunak, has announced several measures to boost the country&#39;s tech sector, including a &pound;1m annual prize for AI innovation and a &pound;900m investment in an exascale computer. He also pledged &pound;15m to develop a new &quot;quantum demonstrator&quot; programme and &pound;40m for &quot;cutting-edge&quot; research in the space sector. Sunak said the initiatives were designed to ensure the UK remained a &quot;world leader in emerging technologies&quot;.</p>