Reeves pledges fastest AI adoption in G7 and deeper EU ties

Chancellor Rachel Reeves will pursue the fastest AI adoption in the G7 and set out three priorities — deeper ties with the EU, expanding AI and technology, and growth across Britain — alongside a £2.5 billion package for advanced computing that includes up to £1 billion for quantum procurement.

Chancellor Rachel Reeves used the Mais lecture in the City of London to set out three priorities to revive the economy. She said the priorities are deepening ties with the EU, expanding AI and other technology, and growth across Britain. Reeves announced a £2.5 billion package for investment in advanced computing, including a quantum procurement programme worth up to £1 billion. She also said a £500 million "sovereign AI fund" will launch in April at tech firm Wayve. Key details: - Reeves said the UK should aim for the fastest AI adoption in the G7. - Her three stated priorities are deeper EU ties, AI and innovation, and growth across the country. - The announced technology package totals £2.5 billion and includes a quantum procurement programme described as worth up to £1 billion. - A £500 million sovereign AI fund was announced and is due to launch in April at Wayve. - The Office for National Statistics reported the UK economy flatlined in January, a point referenced in the speech. - Technology Secretary Liz Kendall said the quantum investment could bring higher-paid jobs and public service improvements. Summary: Reeves framed these measures as a strategy to build growth and champion innovation across the UK. The government announced the £2.5 billion advanced computing package and said the £500 million sovereign AI fund will launch in April; the quantum procurement programme was described as up to £1 billion. Undetermined at this time.