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Driverless car funding
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BRITISH finance minister Philip Hammond is to announce a 75 million pounds (US$99 million) funding for Artificial Intelligence and plans to put driverless cars on UK roads by 2021.
Hammond will suggest regulation changes to allow Britain’s driverless car industry, which the government estimates will be worth 28 billion pounds by 2035, to get cars on the road within as little as three years.
The minister will also release a 400 million pounds fund for companies hoping to roll out electric-car charge points. People hoping to buy a battery-electric vehicle will be able to access funding as Britain attempts to move towards zero-emission transport.
With a focus on tech industries, the government is also planning to spend 75 million pounds supporting companies developing AI and 160 million pounds in developing 5G technology.
However, the Conservative minister recently came under fire on his housing policy in the wake of the Grenfell Tower disaster that killed 71 people.
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