On Monday, Prime Minister Rishi Sunak and Technology Secretary Michelle Donelan announced the start-up funding to accelerate the UK’s artificial intelligence capability.
This amount is on top of a £900million investment announced in last month’s budget for a new supercomputer to help British developers compete on the global market.
The money will be spent to develop foundation models, which is a category of artificial intelligence systems trained on huge volumes of data such as text, images, video or audio to gain broad and sophisticated capabilities across many tasks.
‘Harnessing the potential of AI provides enormous opportunities to grow our economy, create better-paid jobs, and build a better future through advances in healthcare and security,’ said Rishi Sunak.
In areas like healthcare, this type of AI has enormous potential to speed up diagnoses, drug discovery and development. In education it could transform teachers’ day-to-day work, freeing up their time to focus on delivering excellent teaching.
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