Liz Kendall

“includes £750m for a new national AI supercomputer and £400m earmarked for next‑generation AI chips”

“£750m for a new national AI supercomputer”

“£400m earmarked for next-generation AI chips”

“Liz Kendall said as she unveiled a £1.1bn package aimed to turn the UK into a global AI hardware powerhouse.”

“Last year Britain attracted more venture capital than France, Germany, the Netherlands and Switzerland combined”

“Already this year, almost half of all VC funding in Europe has been invested right here in Britain.”

“Kendall said the government’s recently launched Sovereign AI programme would invest £500m directly into British AI firms”

“When 70 per cent of global AI compute is now controlled by just five companies”

“If Britain could secure just five per cent of this market, it would bring $50bn in revenue to the UK”