News UK government puts on hold £1.3bn worth of AI and tech projects — exascale supercomputer at Edinburgh University also included on the list

[Admin]

The Labour government is suspending funds for the exascale supercomputer at the University of Edinburgh and other AI initiatives.

UK government puts on hold £1.3bn worth of AI and tech projects — exascale supercomputer at Edinburgh University also included on the list : Read more

 

[DS426]

Funny as we get around this problem in the U.S. by spending ourselves into what many now consider debt that can never get [fully] paid off, or at least would take several generations.

 

[Notton]

That's because the USD is a magical beast, unlike any other currency, and can print itself out of debt. If any other country tries that, they face financial ruin.

 

[Pei-chen]

UK and the rest of Europe slip further behind China and the US

 

[Blastomonas]

In my opinion, this is a mistake. For an economy the size of the UK, this amount of money is peanuts.

This also seems contradict statements about investing in the economy.