menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cloud News

>

UK Spendin...
source image

Silicon

2d

read

150

img
dot

Image Credit: Silicon

UK Spending Review Includes Investments In AI, Nuclear Power

  • UK chancellor Rachel Reeves reveals the spending review outlining department funding until 2029.
  • Notable increases in AI, nuclear power, NHS technology, and defence spending were announced.
  • Some departments will have their budgets cut, unlike others that will see budget rises.
  • Government to invest £29 billion in NHS and almost 50% more in NHS technology.
  • £30 billion allocated to nuclear power; £14.2 billion for Sizewell C power station.
  • An additional £2.5 billion for a new small modular reactor programme.
  • Record high of £22 billion yearly for Science and Technology research and development funding.
  • £2 billion investment into 'home-grown AI' and funding for AI training and upskilling.
  • Concerns raised by experts about AI skills development and digital adoption in the workplace.
  • Employers risk AI being a source of stress without proper support for employees.
  • Businesses advised to focus on 'digital adoption' of AI tools to realize AI's benefits.

Read Full Article

like

9 Likes

For uninterrupted reading, download the app