The Chancellor has today told tech and life science industry
leaders that he will continue to back the sectors, supporting
ambitions to make the UK one of the best places in the world for
companies to invest in artificial intelligence and life sciences.
As part of a series of meetings with the UK’s growth sectors,
met with industry leaders in
No11 Downing Street this morning to reaffirm his pledge to make
the UK an ‘AI powerhouse’ and discuss the how the use of AI,
technology and data is transforming the way we diagnose and treat
diseases in the UK.
Industry leaders in attendance, including Faculty AI, Deeptech
Labs and Conjecture, were invited to share their growth plans,
current use of AI and any barriers they face when adopting new
technology.
The group also shared feedback on the UK’s approach to AI
regulation set out in a recent Government White Paper which will
ensure the UK is put on the right course to be the best place in
the world to build, test and use AI technology.
The Chancellor acknowledged the room’s shared ambition of making
the UK the next Silicon Valley while highlighting the
Government’s continued commitment to supporting the sector.
He emphasised more than £1.5 billion planned investment in
compute to support the UK’s world-leading scientists and AI
researchers in continuing to deliver extraordinary new
discoveries and backing AI start-ups to boost productivity and
innovation.
Chancellor of the Exchequer, , said:
“The UK is home to some of the worlds brightest academics and
we’re focussed on becoming global leaders in life sciences - an
engine for economic growth and high skilled jobs across the
country.
“Through billions of pounds of Government investment, we’re
already adopting cutting-edge technology to support our leading
scientists and researchers in making transformational discoveries
in how diseases are diagnosed and cured. I will continue to back
this vital sector as our aspirations to become the next Silicon
Valley become a reality.”
