The U.K.'s competition regulator on Nov.21 announced an initial inquiry.

The pact allows law enforcement agencies to request data directly from IT service providers operating across the Atlantic.

The prize money will be split between winners in financial crime prevention and pandemic response tracks.

AI, quantum computers and batteries are high on the list of technologies the two countries hope to maintain an advantage over foreign adversaries in.

A new strategy aims to align federal efforts as the U.S. competes with China and other nations in fields like AI, quantum and 5G.

The countries will prioritize areas like interdisciplinary research and intelligent systems and coordinate collaboration among their AI experts.