Chancellor Healey announces new deal for UK data centres

Share

The UK government unveiled an artificial intelligence investment package on October 24, 2026, aimed at developing data centres, biosecurity and research on employment. The initiative includes an AI Economics Institute receiving 10 million pounds annually and a 165 million pound National AI Biosecurity Initiative, including 100 million pounds for a new laboratory in the UK. It also supports chip design work in Edinburgh and plans a centre of excellence in Manchester. The government aims to triple the country’s computing capacity to 6 gigawatts by 2030, but electricity grid delays threaten that target, as illustrated by Microsoft’s withdrawal from the 50 megawatt Nscale project in Loughton.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items