LONDON DAILY ARCHIVE

UK Unveils £400 Million National AI Supercomputer Fund and New Economics Institute

Chancellor Rachel Reeves announced a £400 million fund to build a next-generation national artificial intelligence supercomputer in Edinburgh, alongside a new AI Economics Institute and plans by Russell Group universities to double innovation funding to £100 billion as Britain seeks to strengthen its position in advanced technology.

09 June 2026 · 10:32 UTC