Silicon quotes Nick White on what the 2023 Spring Budget means for UK tech
It was announced in the Spring Budget that the government will invest in the region of £900 million to establish a new AI Research Resource and develop an exascale supercomputer, in line with two of the key recommendations of the Future of Compute Review.
These investments will provide scientists with access to cutting edge computing power and bring a significant uplift in computing capacity to the AI community.
Nick White, Partner, comments:
“This investment underlines how seriously the government is taking its commitment to ensuring the UK is a global science and technology superpower by 2030 "
"The UK will be behind the US, the EU and probably China too, in building an exascale machine. However, it should be a huge boost to the UK’s ability to support cutting edge research in areas requiring complex modelling and simulations, such as climate change, pharmaceutical development and hi-tech engineering."
“The establishment of a prize of £1m a year for ten years for researchers to drive innovation in AI is another eyecatching statement of intent.”
“There is perhaps a sense that having recently left the EU, now is the time for the UK to invest significantly in an attempt to build up its credentials as a global tech leader in its own right.”
Read the full article in Silicon here.