OpenAI Halts £31 Billion UK Investment Due to High Costs and Regulation
OpenAI has put its plans for a significant £31 billion investment project in the UK, known as Stargate, on hold. The artificial intelligence company cited high energy costs and regulatory concerns as reasons for the decision.
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OpenAI pulls out of landmark £31bn UK investment
Artificial intelligence company cites high energy costs and regulation as reasons for putting Stargate project on hold OpenAI has put plans for a landmark project to strengthen the UK’s AI capabilities on hold, 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. Co...
By Aisha Down
Read full article →OpenAI pauses Stargate UK investment over high energy costs - The Times
OpenAI pauses Stargate UK investment over high energy costs The Times
Read full article →OpenAI says energy costs and regulation hold back major UK investment
OpenAI said the plans were being shelved until the ‘right conditions’ allow for long-term investment in the UK’s infrastructure.
By Anna Wise
Read full article →Coverage Timeline
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