UK pledges £900M supercomputer and annual £1M AI prize
The UK government just unveiled a sweeping tech funding package in its spring budget, aiming to build sovereign AI and compute capabilities. Chancellor Jeremy Hunt announced a new £1M annual "Manchester Prize" for AI research over the next decade, alongside £900M to build an exascale supercomputer. It is an ambitious state intervention, though delivering on these multi-year targets remains an uphill political climb.