United Kingdom · Question · Written question
UIN 25212
Artificial Intelligence: Investment
Introduced
8 May 2024
Last action
17 May 2024 · Answer
Status
Answered
Sponsors
—
Subjects
Artificial intelligence
Source updated
17 May 2024
Summary
To ask the Secretary of State for Science, Innovation and Technology, what steps his Department is taking to encourage investment in the UK artificial intelligence sector.
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Timeline
8 May 2024
Written question
To ask the Secretary of State for Science, Innovation and Technology, what steps his Department is taking to encourage investment in the UK artificial intelligence sector.
Source: Commons
17 May 2024
Answer
The UK’s AI market is valued at over $21 billion and is estimated to grow to over 1 trillion by 2035. Recently we have seen the largest investment ($1 billion) into a UK AI start-up (Wayve), with several AI companies opening their European headquarters he...
Source: Written answer
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- · Department for Science, Innovation and Technology · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2024-05-08/25212
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1716525
- uk · wq-1716525 · source updated 17 May 2024