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Evening Standard
Evening Standard
Beatrice Learmouth

Reeves tells AI entrepreneurs to ‘come to the UK’ as she unveils new institute

United Kingdom Rachel Reeves
The Chancellor said the UK must not shy away from investment in AI (Alamy/PA) -

The Chancellor has told entrepreneurs looking to build new AI products to “come to the UK” after announcing plans to create a new economics institute focused on the technology and a £500 million fund.

Rachel Reeves emphasised the importance of scaling British AI businesses to avoid excessive dependency on other countries for new technologies, unveiling the creation of the new institute and greater investment in AI at the annual Mais Lecture at the Bayes Business School in London.

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