CHANCELLOR Rachel Reeves pledged today to put her foot on the artificial intelligence accelerator despite fears of a jobs crisis.

She is set to use an annual address to City bigwigs to announce a £500 million “sovereign AI fund” to back the industry.

The government is also to launch a £1 billion programme to buy advanced quantum computers.

Dan Tomlinson, ministerial deputy to Ms Reeves at the Treasury, denied that AI will lead to a jobs massacre.

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