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OpenAI puts £31bn Stargate UK investment on hold citing high energy costs and regulation
Updated ·First reported ·1 source
Summary
The Guardian reports that OpenAI has paused plans for the £31bn Stargate UK project, citing high energy costs and regulation. The initiative was intended to be a key part of the UK-US AI deal announced last September to bolster the British economy.
Key Facts
- •OpenAI has reportedly put plans for the landmark Stargate UK project on hold.[1]unverified
- •High energy costs and regulation are cited as reasons for the decision.[1]unverified
- •Stargate UK was part of a UK-US deal involving a £31bn commitment to the UK tech sector.[1]unverified
[1] Guardian World
Locations
United KingdomUnited Kingdom, Europe
55.38, -3.44Sources (1)
- initial report
Changelog
initial reportv1
Automated synthesis
Show summary
The Guardian reports that OpenAI has paused plans for the £31bn Stargate UK project, citing high energy costs and regulation. The initiative was intended to be a key part of the UK-US AI deal announced last September to bolster the British economy.
- • OpenAI has reportedly put plans for the landmark Stargate UK project on hold.
- • High energy costs and regulation are cited as reasons for the decision.
- • Stargate UK was part of a UK-US deal involving a £31bn commitment to the UK tech sector.