Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what level of investment they will make in the next five years to support their Industrial Strategy Grand Challenge of Growing the AI & Data-Driven Economy; and how much of that investment will be spent on artificial intelligence.

More than 50 leading technology companies and organisations have contributed to the development of an AI Sector Deal worth almost £1 billion, including almost £300 million of private sector investment into UK sector.

The deal between government and industry, announced recently by my rt. hon Friends the Secretary of State for Business, Energy and Industrial Strategy, and the Secretary of State for Digital, Culture, Media and Sport, also includes more than £300 million of newly allocated government funding for AI research to make the UK a global leader in this technology.

Building on the commitment made in the Government’s modern Industrial Strategy and its AI Grand Challenge, the deal marks the first phase of a major innovation-focused investment drive in AI which aims to help the UK seize the £232 billion opportunity AI offers the UK economy by 2030 (10% of GDP).