WIREDGOV

Businesses of all sizes will welcome the launch of the Government's latest industry sector deal on Artificial Intelligence.

The deal between government and industry, announced by Business Secretary Greg Clark and Digital Secretary Matt Hancock includes more than £300 million of newly allocated government funding for AI research to make the UK a global leader in this technology.

Building on the Government's commitment made in the Industrial Strategy and its AI Grand Challenge, the deal marks the first phase of a major innovation-focused investment drive in AI.

Commenting on the sector deal, Tom Thackray, CBI Innovation Director said:

“The AI Sector Deal paves the way for the UK to lead the way on this transformative technology. Developing AI skills, supporting the UK’s world class research base and increasing investment across the country are important building blocks to make AI a game changer for the economy.”