Artificial Intelligence: Foreign Investment in UK
The question
To ask the Secretary of State for Science, Innovation and Technology, what steps her Department is taking to help ensure the UK is a global hub for (a) relocation and (b) investment by generative artificial intelligence firms seeking to license creative content legitimately.
Answered by Kanishka Narayan
We are supporting the growth of a globally competitive AI sector in the UK and ensuring that the UK is the destination of choice for leading AI firms.
Since July 2024, £44 billion has been invested in UK AI and tech. A further £31 billion has been committed by leading AI firms, including Microsoft, NVIDIA, Google, OpenAI and CoreWeave. The UK-US Tech Prosperity Deal announced in September further strengthens our position as a destination of choice for AI investment and relocation.
As set out in the Industrial Strategy Creative Industries sector plan, we will establish a Creative Content Exchange to be a trusted marketplace for selling, buying, licensing, and enabling permitted access to digitised cultural and creative assets.
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