Britain invests £100 million towards AI research and regulation

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Britain invests £100 million towards AI research and regulation
Britain invests £100 million towards AI research and regulation

Britain will spend more than 100 million pounds ($125 million) to develop nine new AI research hubs and train regulators on the technology.

Britain announced on Tuesday that it would spend more than 100 million pounds ($125 million) to establish nine new research hubs in artificial intelligence (AI) and train regulators on the technology.

“AI is moving fast, but we have shown that humans can move just as fast,” said technology minister Michelle Donelan in a statement. “By taking an agile, sector-specific approach, we have begun to grip the risks immediately.”

The government announced that over 90 million pounds would be allocated to the hubs, which will focus on the use of AI in fields such as healthcare, chemistry, and mathematics, as well as a relationship with the United States on responsible AI.

Another 10 million pounds would assist authorities in managing the dangers and harnessing the benefits of AI, it claimed, such as building practical tools to monitor risks in areas ranging from telecoms and healthcare to banking and education.

In November, Britain hosted an international forum on artificial intelligence safety.

More than 25 countries signed the “Bletchley Declaration,” which focuses on identifying shared hazards and developing cross-country mitigation plans.

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