AIThe Next Webabout 19 hours ago
UK tech secretary pushes pension funds into AI startups
1 min read
Technology Secretary Liz Kendall pledged legal reforms to force UK pension funds to invest in domestic tech and AI startups. A voluntary accord already commits 17 large pension providers to allocate at least 5% of default funds to UK assets by 2030, unlocking roughly £25 billion. Kendall also announced a £1.1 billion AI hardware plan.
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