### Summary
The UK government plans to spend £100m on computer chips used for artificial intelligence (AI) in order to establish a national resource for AI in Britain. However, industry insiders believe the investment is insufficient compared to other countries' investments.
### Facts
- 📌 The UK government will spend £100m to develop computer chips for AI.
- 📌 The funds will be used to order key components from major chipmakers Nvidia, AMD, and Intel.
- 📌 The government plans to order up to 5,000 graphics processing units (GPUs) from Nvidia.
- 📌 Industry and Whitehall officials fear that the government's investment may be too low to compete globally.
- 📌 The UK accounts for only 0.5% of global semiconductor sales.
- 📌 The US has committed $52bn to the Chips Act, while the EU offers €43bn in subsidies.
- 📌 Delays in progress due to weak investment could leave the UK vulnerable amidst geopolitical tensions over AI chip technology.
- 📌 The UK government aims to establish shared standards for technology through an AI summit in the autumn.
- 📌 UK Research and Innovation (UKRI) is leading the effort to secure orders with major chip manufacturers.
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### Summary
British Prime Minister Rishi Sunak is allocating $130 million to purchase computer chips to power artificial intelligence and build an "AI Research Resource" in the United Kingdom.
### Facts
- 🧪 The United Kingdom plans to establish an "AI Research Resource" by mid-2024 to become an AI tech hub.
- 💻 The government is sourcing chips from NVIDIA, Intel, and AMD and has ordered 5,000 NVIDIA graphic processing units (GPUs).
- 💰 The allocated $130 million may not be sufficient to match the ambition of the AI hub, leading to a potential request for more funding.
- 🌍 A recent report highlighted that many companies face challenges deploying AI due to limited resources and technical obstacles.
- 👥 In a survey conducted by S&P Global, firms reported insufficient computing power as a major obstacle to supporting AI projects.
- 🤖 The ability to support AI workloads will play a crucial role in determining who leads in the AI space.
### Summary
Imperial College London has partnered with AI startup FluidAI to address liquidity aggregation and other issues in the crypto market using emerging technologies.
### Facts
- 🤝 Imperial College London has collaborated with FluidAI, an AI startup, to tackle problems in the digital asset market.
- 🚀 The university's AI lab I-X will work together with FluidAI to enhance the "tokenized market" for institutions, trading platforms, and retail investors.
- 💱 Improving liquidity aggregation in the crypto space is a priority for FluidAI, as it is a major issue in the industry.
- 👨💼 Ahmed Ismail, the CEO of FluidAI, stated that traditional low-latency technology used in traditional finance is not applicable in the decentralized nature of crypto, thus AI can help eliminate latency through prediction for better bid and ask prices.
- 🏛️ Imperial College London, known for its top-ranking status, is also home to the Centre for Cryptocurrency Research and Engineering, focusing on cryptocurrencies and blockchain.
- 🇬🇧 The U.K. government has shown readiness to adopt AI-powered tools, planning to spend $130 million on AI chips and securing early access to AI models from Google, OpenAI, and Anthropic.
- 💻 A recent report revealed that nearly 20% of firms lack sufficient computing power for AI, highlighting the need for resources in this field.
Britain will host an international summit in November to explore how artificial intelligence can be safely developed, aiming to tackle the risks and ensure its safe and responsible development.
The UK Prime Minister, Rishi Sunak, aims to position the country as a leading player in the global artificial intelligence (AI) industry, including hosting a summit on AI safety and providing financial support to UK AI companies; there has been significant growth in the number of British enterprises pursuing AI technologies over the past decade.
The United Kingdom plans to spend £100 million on computer chips for artificial intelligence (AI) systems to establish itself as a global leader in the industry, although experts believe the investment might not be sufficient to compete with other nations.
The UK government has been urged to introduce new legislation to regulate artificial intelligence (AI) in order to keep up with the European Union (EU) and the United States, as the EU advances with the AI Act and US policymakers publish frameworks for AI regulations. The government's current regulatory approach risks lagging behind the fast pace of AI development, according to a report by the science, innovation, and technology committee. The report highlights 12 governance challenges, including bias in AI systems and the production of deepfake material, that need to be addressed in order to guide the upcoming global AI safety summit at Bletchley Park.
Northern Ireland has the potential to become a testing ground for artificial intelligence (AI) in the UK, with Belfast-based IT firm Kainos leading the way by investing £10m in the development of generative AI technology; experts believe that more companies in the region will follow suit. The head of The Software Alliance described this investment as a "super statement of intent" and believes that Northern Ireland could be a strong hub for AI research and innovation. The region already has clusters of research in various AI fields, including cybersecurity, medicine, robotics, and economics.
The U.K. has outlined its priorities for the upcoming global AI summit, with a focus on risk and policy to regulate the technology and ensure its safe development for the public good.
Imbue, an AI research lab, has raised $200 million in Series B funding to develop AI systems that can reason and code, with the aim of building practical AI agents that can accomplish larger goals and work safely in the real world.
Eight big tech companies, including Adobe, IBM, Salesforce, and Nvidia, have pledged to conduct more testing and research on the risks of artificial intelligence (AI) in a meeting with White House officials, signaling a "bridge" to future government action on the issue. These voluntary commitments come amidst congressional scrutiny and ongoing efforts by the White House to develop policies for AI.
European Union President Ursula von der Leyen announced a new initiative to provide expedited access to European supercomputers for AI startups, while also calling for the establishment of a global framework for AI governance during her State of the Union address.
Artificial intelligence-run robots have the ability to launch cyber attacks on the UK's National Health Service (NHS) similar in scale to the COVID-19 pandemic, according to cybersecurity expert Ian Hogarth, who emphasized the importance of international collaboration in mitigating the risks posed by AI.
Intel plans to make every PC capable of running AI applications in the near future, as the company targets the growing AI market.
The PC's AI era is just beginning as Microsoft, Intel, and AMD make significant advancements in AI integration into their products and hardware.
Deputy Prime Minister of the United Kingdom, Oliver Dowden, presents Britain as a leading nation in shaping the international response to artificial intelligence, highlighting the country's tech companies and universities, and announcing an AI safety summit.
The United Nations General Assembly has seen a significant increase in discussions surrounding artificial intelligence (AI) this year, as governments and industry leaders recognize the need for regulation and the potential risks and benefits of AI. The United Nations is set to launch an AI advisory board to address these issues and reach a common understanding of governance and minimize risks while maximizing opportunities for good.
French telecom group Iliad has purchased a powerful supercomputer and is establishing an AI research lab in Paris to contribute to the development of the French AI industry and make AI research accessible to all.
