Investments

Missing money, shipped chips and a 350,000% profit: key takeaways on AI ‘phantom investments’

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A Guardian investigation has put the UK government’s AI plans under the microscope. Here are the key details Revealed: UK’s multibillion AI drive is built on ‘phantom investments’The Essex ‘supercomputer’ that’s still a scaffolding yardA Guardian investigation has examined a series of massive AI investments announced by the government over the past two years, comparing

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Revealed: UK’s multibillion AI drive is built on ‘phantom investments’

ai, AI (Artificial Intelligence), Artificial Intelligence, Investments, UK news

Exclusive: Rented datacentres and ‘supercomputer’ site that’s still a scaffolding yard raise questions for Starmer’s push to ‘mainline AI into veins of economy’From press release … to scrap metal site: the Essex supercomputer that’s still a scaffolding yardA multibillion-pound drive to “mainline AI into the veins” of the British economy is riddled with “phantom investments”

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Reliance’s $110 bn AI investments seen back-loaded over seven yrs

ai, AI (Artificial Intelligence), Artificial Intelligence, Investments

Reliance Industries Ltd is set to invest USD 110 billion in artificial intelligence over seven years. This significant capital allocation marks a new phase for the company. The investment will focus on AI infrastructure, renewable energy, and energy storage. Partnerships with Meta and Google are expected to support this expansion.

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