By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    Which National Savings Plans have new profit rates?
    July 3, 2025
    They tried Made in the USA. It was too expensive for their customers
    July 3, 2025
    Check out the latest National Savings Scheme profit rates here.
    July 3, 2025
    How Anosh Ahmed is becoming well-known throughout the world through his thought leadership
    July 3, 2025
    Punjab increases leave allowance for ministers, speaker, dy speaker
    July 3, 2025
  • Politics
    PoliticsShow More
    Five Pakistani players reach Asian Junior Squash Championship semifinals
    July 3, 2025
    The US House approves Trump’s “One Big Beautiful Bill.”
    July 3, 2025
    Russia acknowledges the Afghan Taliban government.
    July 3, 2025
    Turkish Foreign Minister Hakan Fidan to visit Pakistan next week
    July 3, 2025
    The foreign minister claims that Iran is dedicated to the nuclear non-proliferation treaty.
    July 3, 2025
  • Technology
    TechnologyShow More
    Microsoft to cut about 4% of jobs amid hefty AI bets
    July 3, 2025
    Pakistani company fits war-affected Gazan girl with prosthetic arm
    July 3, 2025
    Nvidia set to become world’s most valuable company in history
    July 3, 2025
    How China’s new auto giants left GM, VW and Tesla in the dust
    July 3, 2025
    Satellite internet suffers as Pakistan’s Starlink registration expires
    July 3, 2025
  • Sports
    SportsShow More
    Pakistani stars set to clash as Cricket Australia unveils BBL 2025-26 schedule
    July 3, 2025
    Cricket Australia announces Big Bash League schedule
    July 3, 2025
    Australia’s Smith return confirmed for second Windies Test
    July 3, 2025
    Liverpool’s Portuguese forward Diogo Jota dies in car crash in Spain
    July 3, 2025
    Bhogle acknowledges Gill’s batting supremacy
    July 3, 2025
  • Matrimonial
  • Marketplace
  • Chat Room
  • EN
    • AR
    • EN
    • EO
    • FR
    • UR
Reading: Labour withdraws £1.3 billion funding for ultra-fast supercomputers and AI projects.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Matrimonial
  • Marketplace
  • Chat Room
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Business > Labour withdraws £1.3 billion funding for ultra-fast supercomputers and AI projects.
BusinessPoliticsTechnology

Labour withdraws £1.3 billion funding for ultra-fast supercomputers and AI projects.

Labour has withdrawn £1.3 billion in support in technology and AI initiatives promised by the Conservatives.

Last updated: 2024/08/05 at 11:12 AM
Published August 5, 2024
Share
1 Min Read
SHARE

The Department for Science, Innovation, and Technology (DSIT) stated that the funding committed by the previous Conservative administration was not included in its budget and hence will not be implemented.
It included £800 million for the University of Edinburgh’s next-generation exascale supercomputer, which can execute one billion billion computations per second, as well as £500 million in additional funding for the AI Research Resource, a project that helps fund computing power for AI.

Some £300 million currently set up for AI Research Resource would be used as planned.

A DSIT spokesman stated, “We are completely committed to developing technology infrastructure that generates growth and opportunity for people across the UK.”

The government is making difficult and essential budget decisions across all ministries in the face of billions of pounds in unfilled commitments.

“This is essential to restore economic stability and deliver our national mission for growth.”

The Labour administration has stated that it will examine future investment in computer infrastructure following the creation of its AI Opportunities Action Plan, which is being overseen by industry expert Matt Clifford.

You Might Also Like

Which National Savings Plans have new profit rates?

Five Pakistani players reach Asian Junior Squash Championship semifinals

Microsoft to cut about 4% of jobs amid hefty AI bets

The US House approves Trump’s “One Big Beautiful Bill.”

Russia acknowledges the Afghan Taliban government.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
BanerClub August 5, 2024 August 5, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article From phones to porn-blocking clothing, Olympic competitors are offered high-tech goodies for Paris 2024.
Next Article Instagram access is prohibited in Turkey following the assassination of a Hamas leader.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

The US has tougher visa and green card regulations.
Travel United States July 3, 2025
European climbers ascend and descend Nanga Parbat in a historic alpine ascent.
News July 3, 2025
Which National Savings Plans have new profit rates?
Business Pakistan July 3, 2025
Third interstellar object detected racing through solar system
Marketing July 3, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Quick Links

  • MY BOOKMARK
  • INTERESTSNew
  • CONTACT US
  • BLOG INDEX
Baner ClubBaner Club
Follow US
© 2022 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Captcha:
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
Welcome Back!

Sign in to your account

Register Lost your password?