he Government is aiming to make the UK an artificial intelligence (AI) research “hotspot” under a new investment drive.

Around 1,000 government-funded AI PhDs will be created and private firms will invest £300 million in the sector.

Under a deal announced by Business Secretary Greg Clark and Digital Secretary Matt Hancock, the Government will also allocate £300 million for AI research.

The ministers said AI offered to boost the UK economy by £232 billion.

Greg Clark said: “Artificial intelligence provides limitless opportunities to develop new, efficient and accessible products and services which transform the way  we live and work.