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“That money is part of a new AI package that UK Chancellor of the Exchequer John Healey previewed ahead of his budget presentation to Parliament on Wednesday.”

“John Healey's £600million package will aim to guard against the risks of AI while aiming to harness its power for economic advantage across the UK An additional £120million will also be committed by the Chancellor to the UK's AI Security Institute (AISI).”

“As part of the wider Budget package, an additional £120 million investment will go towards Britain’s AI Security Institute to develop standards guarding against the risks of the technology, the Treasury said.”

“As part of the wider package, an additional £120 million investment will go towards Britain’s AI Security Institute to develop standards guarding against the risks of the technology, the Treasury said.”