OpenAI pulls out of landmark £31bn UK investment package
by Aisha Down from World news | The Guardian on (#74TJP)
Artificial intelligence company cites high energy costs and regulation as reasons for putting Stargate project on hold
OpenAI has put on hold plans for a landmark project to strengthen the UK's AI capabilities, citing high energy costs and regulation.
Stargate UK was a part of the landmark UK-US AI deal announced last September, in which US companies appeared to commit 31bn to the UK's tech sector, part of a larger series of investments intended to mainline AI" into the British economy.
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