The UK government has unveiled a £ ##500 ( $ 1.4bn ) public - private partnership aimed at investing in the country 's artificial intelligence ( AI ) sector ahead of Brexit . Matt Hancock , digital , culture , sport and culture minister , said " the cross - fertilisation that is at the core of the impact of artificial intelligence can happen here more easily than elsewhere " . Critics have said the UK 's AI initiative has made little progress since its launch in 2016 , while the European government recently announced plans to increase its AI spending by 10 % to € 1.5bn ( $ 1.8bn ) by 2020 .
The UK government has unveiled a £1bn ($1.4bn) public-private initiative aimed at investing in the country's artificial intelligence (AI) sector ahead of Brexit. Matt Hancock, digital, culture, media and sport minister, said "the cross-fertilisation that is at the core of the impact of artificial intelligence can happen here more easily than elsewhere". Critics have said the UK's AI initiative has made little progress since its launch in 2016, while the European Union recently announced plans to increase its AI spending by 70% to €1.5bn ($1.8bn) by 2020.