OpenAI pulls out of landmark £31bn UK investment

Artificial intelligence company cites high energy costs and regulation as reasons for putting Stargate project on hold

OpenAI has put plans for a landmark project to strengthen the UK’s AI capabilities on hold, citing high energy costs and regulation.

Stargate UK was a part of the landmark UK-US AI deal announced last September, in which US companies appeared to commit £31bn to the UK’s tech sector, part of a larger series of investments intended to “mainline AI” into the British economy.