Tech bosses warn Chancellor UK risks surrendering to foreign AI giants

UKAI called for a coordinated national sovereign AI strategy, arguing that existing funding measures do not fully address dependence on overseas AI models and infrastructure.

• UKAI, which represents more than 270 AI businesses, urged Chancellor John Healey to support a national sovereign AI strategy ahead of the Budget.· 1 source
• The article reports a £500 million Sovereign AI Fund, a further £60 million for that programme, £60 million for British AI research and procurement, and £18 million for a chip-design academy.· 1 source
• UKAI also called for existing initiatives to be joined under one strategy and for public procurement changes that would improve British AI firms’ access to government contracts.· 1 source