U.S. halts UK tech trade deal negotiations, FT reports

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The U.S. has halted a exertion commercialized woody with the U.K., aft officials successful Washington became frustrated with the gait of progress, the Financial Times reported connected Tuesday.

Announced successful September during President Donald Trump's authorities sojourn to the U.K., the "technology prosperity deal" is simply a sweeping statement aimed astatine encouraging collaboration betwixt the countries connected tech similar artificial intelligence, atomic fusion, and quantum computing.

At the time, Trump said that the woody would "ensure our countries pb the adjacent large technological gyration broadside by side." U.K. Prime Minister Keir Starmer said that the statement was a "generational measurement alteration successful our narration with the U.S." that would present "growth, information and accidental up and down the country."

Talks were suspended by the U.S. past week, the FT reported, quoting unnamed British officials.

When asked to remark connected the report, a U.K. authorities spokesperson told CNBC: "Our peculiar narration with the US remains beardown and the UK is firmly committed to ensuring the Tech Prosperity Deal delivers accidental for hardworking radical successful some countries."

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The statement would found AI-enabled probe programs successful areas including the improvement of models and datasets successful communal priorities specified arsenic AI for biotechnology, precision medicine for crab and uncommon and chronic diseases, and fusion energy, the 2 countries said successful September.

It came arsenic the U.K. signed deals totalling £31 billion ($41 billion) with U.S. tech firms similar Microsoft, Nvidia, Google, OpenAI, and CoreWeave to physique retired the country's AI infrastructure. The U.S. is the U.K.'s largest trading partner.

The U.S. Department of Commerce has been approached for comment.

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