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UK's AI drive, touted since 2024 and featuring splashy NScale and CoreWeave deals, to build datacenters is riddled with phantom investments and shaky accounting

Aisha Down /The Guardian:NEWForums:Hacker News,r/unitedkingdom, andr/ukpoliticsForums:Hacker News:Revealed: UK's multibillion AI drive is built on ‘phantom investments’r/unitedkingdom:Revealed: UK's multibillion AI drive is built on ‘phantom investments’r/ukpolitics:Revealed: UK's multibillion AI drive is built on ‘phantom investments’

The Guardian Aisha Down

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Discussion

  • r/unitedkingdom r on reddit
    Revealed: UK's multibillion AI drive is built on ‘phantom investments’
  • r/ukpolitics r on reddit
    Revealed: UK's multibillion AI drive is built on ‘phantom investments’
  • r/BetterOffline r on reddit
    Revealed: UK's multibillion AI drive is built on ‘phantom investments’
  • @hannahfearn Hannah Fearn on bluesky
    Great reporting from @aishadown.bsky.social on the giant holes in the gov's AI strategy.  Or “strategy”.  —  www.theguardian.com/technology/ 2...
  • @mxhollyclara @mxhollyclara on bluesky
    This bubble will burst, and will cause massive economic damage.  A few will get very rich off the back of all these “investment” while for the rest of us it'll be public inquiries and ITV dramatisations to reveal the true scale of harm.  —  www.theguardian.com/technology/ 2...