A £100 million investment is being made by the United Kingdom into its AI-based research


The United Kingdom (UK) has announced funding for a new Artificial Intelligence (AI) Task Force, as reported by Cointelegraph.

It’s an exciting development! The United Kingdom’s investment of £100 million in AI-based development strongly signals its commitment to advancing its capabilities in this area.

AI has enormous potential in many areas, from healthcare to finance to transportation. With its investment in AI-based development, the UK will be at the forefront of this transformation and benefit from its advantages.
The investment will likely go towards funding the research and development of AI technologies and helping to grow AI-based startups and businesses in the UK. It can also create new jobs and help drive innovation and economic growth in the country.

Overall, this investment is a positive step in harnessing the power of AI to benefit society, and it will be interesting to see how it plays out in the years to come.

According to Cointelegraph, an announcement on April 25, 2023, revealed that the UK Prime Minister and Technology Secretary will invest $124.8 million in the country’s AI development. UK Prime Minister Rishi Sunak said, “By investing in emerging technologies through our new expert taskforce, we can continue to develop safe and trusted AI to build a more innovative UK economy.”

Based on information from Cointelegraph, the task force aims to “ensure sovereign capacity,” which includes adopting public services and a “secure and reliable foundation model.” According to the report, the pilot AI models will be based on public services and should be launched within the next six months. UK lawmakers are reported to have come up with £900 worth of investment in computing technology.

The UK has led the way in AI research and development, and this investment is likely to strengthen its position in the field. The allocation of this funding and the innovations and advances it will lead to will be fascinating.
“This will ensure that the public and businesses have the confidence they need to adopt this technology and fully realize its benefits,” highlighted Michelle Donelan, Secretary of UK Science, Innovation and Technology.

The investment, announced by the UK government in June 2021, will focus on supporting research and development in AI and machine learning and promoting AI technology adoption by businesses of all sizes. This includes investments in areas like robotics, autonomous vehicles and smart cities.

The government says the investment will help create high-skilled jobs and enhance the UK’s position as a leader in AI and other emerging technologies. It is expected to increase collaboration between businesses, researchers and universities and support the growth of medium and small-sized enterprises (SMEs) working in the AI sector.

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Marta Lopez

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