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Government announces £32 million funding for AI projects

AI & ML
The pledge comes a week after Labour shelved former administration’s £1.3 billion AI investment plans.

Government has announced £32 million in funding for 98 AI projects aimed at improving the UK’s productivity and public services.

The pledge comes just days after the new Labour administration scrapped the Conservative party’s planned £1.3 billion AI investment.

Government has confirmed that AI companies working on solutions such as improving safety on construction sites, reducing time spent repairing the railways and cutting emissions across supply chains, will receive a share of the funding.

One such award company is Cambridge-based Monumo, part of a team who received £750,152 to improve the designs for motors in electric vehicles.

“AI will deliver real change for working people across the UK – not only growing our economy but improving our public services,” said Minister for Digital Government and AI Feryal Clark. “We want technology to boost growth and deliver change right across the board, and I’m confident projects like these will help us realise that ambition.”  

 

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