Key facts
- UK Chancellor John Healey to announce 1.7 billion AI investment package.
- New AI Biosecurity Lab to be established with 300 million in funding.
- 120 million allocated to AI Security Institute for risk mitigation.
- 70 million National Exposure and Real-Time Vulnerability centre to detect cyber threats.
- 60 million for sovereign AI fund to support British AI firms.
- 60 million for NHS AI contracts.
Chancellor John Healey is set to announce a 1.7 billion investment package next week aimed at bolstering the UK's artificial intelligence capabilities and security. The plan includes significant funding for a new AI Biosecurity Lab, the AI Security Institute, and initiatives to support homegrown AI firms and talent. The government aims to foster a "distinctively British" approach to AI, addressing concerns about job displacement and national dependence on foreign technology giants.