UK Dedicates £100 Million to Taskforce for AI Progress and Integration.
In Brief
The Prime Minister alongside the Technology Secretary has unveiled a funding initiative of £100 million aimed at amplifying the UK’s prowess in an emerging sector of AI technology.
This financial injection will nurture a fresh collaboration between the government and industry, fostering the safe implementation of foundational models.
The British government has announced This major funding, amounting to £100 million ($124.5 million), is aimed at creating foundational models essential for artificial intelligence. The overarching goal of this strategic investment is to maintain the UK's competitive edge in this vital area of technology.
The Foundation Model Taskforce will prioritize the creation of reliable and secure foundational models that can be utilized throughout various sectors of the economy. This initiative was emphasized by the Prime Minister and Technology Secretary, who both highlighted AI's significance.
The efforts of this taskforce will greatly influence sectors such as healthcare and education. In the realm of healthcare, AI could expedite diagnostics and drug discovery, while in education, it could provide teachers with more freedom to concentrate on delivering high-quality instruction. Additionally, they aspire to position the UK as a frontrunner in foundational model development and its diverse applications, while also advocating for AI safety standards globally.
Government studies have indicated that embracing AI technologies could triple productivity growth rates nationwide, underscoring the transformative potential this technology holds. Moreover, it is forecasted that the integration of AI could boost global GDP by 7% over the next decade, presenting a significant opportunity to bolster the UK economy.
Science, Innovation, and Technology Secretary Michelle Donelan stated that the government is investing in this taskforce to ensure the UK remains a pioneer in AI advancement, emphasizing the need for safety and reliability to cultivate public trust in these technologies. She mentioned that when developed correctly, cutting-edge AI can revolutionize nearly all sectors.
The potential for AI offers vast opportunities for economic expansion, higher-paying job creation, and overall enhancements in healthcare and security for a brighter future.
said Prime Minister Rishi Sunak.
To advance foundational model capabilities, the UK government is channeling over £900 million into a state-of-the-art supercomputer and an extensive AI Research Resource. This taskforce will oversee the allocation of these funds to bolster the UK’s foundational model competencies.
Last month, the UK government launched The initiative aims to establish a comprehensive Science and Technology Framework that strives to elevate the nation’s status as an “innovation superpower” by 2030. The objective is to enhance digital infrastructure, leverage data for growth and societal advancements, and cultivate a more competitive and inclusive digital economy, with plans for a £370 million investment in research and technological advancements.
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