UK to spend $130M on AI chips amid scramble to buy up computing power By Cointelegraph

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British Prime Minister Rishi Sunak is set to spend 100 million pounds ($130 million) to buy thousands of computer chips to power artificial intelligence amid a global shortage and race for computing power.

The Telegraph reported on Aug. 20 that the United Kingdom aims to build an “AI Research Resource” by mid-2024 as part of Sunak’s plan to make the country an AI tech hub.