UK to spend $130M on AI chips amid scramble to buy up computing power
The chips will be used to set up an AI resource as a recent report said 20% of firms can’t get enough computing power for AI. Go to Source
Rishi Sunak
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a16z opening London crypto office citing ‘predictable’ environment
The expansion came following a “productive dialogue” with the U.K. Prime Minister and “months of constructive conversations” with UK policymakers, a16z’s general partner said. Go to Source Powered by WPeMatico
UK Government Drops Plan to Launch NFT With Royal Mint
The U.K. government has confirmed that it is not proceeding with a plan to launch a non-fungible token (NFT). British Prime Minister Rishi Sunak asked the Royal Mint to create an “NFT for Britain” while he was serving as the Chancellor of the Exchequer last year as part of his efforts to make the U.K. … Read more
UK Treasury drops plans for Royal Mint NFT
The Economic Secretary of the Treasury told Parliament has confirmed the project has been put on the back burner, but will “keep this proposal under review.” Go to Source Powered by WPeMatico
UK Prime Minister Rishi Sunak’s win was a victory for crypto
Cryptocurrency fans have a lot to look forward to with the new prime minister, who has a track record of being highly positive about the industry. Go to Source Powered by WPeMatico
Rishi Sunak Becomes UK Prime Minister — He Wants to Make Britain a Global Crypto Investment Hub
Britain’s former Chancellor of the Exchequer Rishi Sunak has become the country’s new prime minister, succeeding Liz Truss who resigned after 44 days in office. The leader of the Conservative Party previously said: “It’s my ambition to make the U.K. a global hub for cryptoasset technology.” Rishi Sunak Takes Office as U.K. Prime Minister Rishi … Read more
Report: Billionaire Says Britain May Be Forced to Seek Bailout From IMF if It Does Not Renegotiate Brexit Deal
British billionaire investor Guy Hands has reckoned that Britain will become “the sick man of Europe” and may be forced to seek a bailout from the International Monetary Fund (IMF) if it does not renegotiate its Brexit deal. The billionaire insisted the United Kingdom’s current economic woes are the result of a poorly negotiated Brexit … Read more
UK Unveils Comprehensive Plan to Become Global Crypto Hub With Dynamic Regulation
The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by the Summer. U.K. Wants to … Read more
