Britain invests 100 million pounds in AI research and regulation

London: Britain on Tuesday said it would spend more than 100 million pounds ($125 million) to launch nine new research hubs in artificial intelligence (AI) and train regulators about the technology as per agencies reports.

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

Nearly 90 million pounds would go towards the hubs, which will focus on using AI in areas including healthcare, chemistry and mathematics, and a partnership with the United States on responsible AI, the government said.

Another 10 million pounds would help regulators address the risks and harness the opportunities of AI, it said, such as developing practical tools to monitor risks in sectors from telecoms and healthcare to finance and education.

Every year, London hosts the AI Summit, a big gathering where experts and leaders in Artificial Intelligence come together to talk about the latest advancements and uses of AI. It’s like a giant meeting where people discuss how AI is changing different industries, such as technology and healthcare. The summit includes talks, discussions, and displays of new AI technologies. It’s a great opportunity for people to learn, connect, and stay updated on what’s happening in the world of AI.

London hosting this event shows that the city is a global hub for technology and is committed to staying at the forefront of AI innovation.

-Agencies

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