Home TypeNews UK govt to invest up to £50m in AI technology

UK govt to invest up to £50m in AI technology

by Nicola Macdonald

The UK government has committed further investment to the UK’s growing artificial intelligence sector by announcing up to an additional £50m to attract and retain top global talent.

The commitment forms part of the UK budget, specifically the government modern industrial strategy, with the aim of keeping Britain at the forefront of the AI and data revolution.

AI and data technology are forming an increasingly important part of the events industry, improving visitor experience, providing vital insights and helping reducing the workload of event professionals and exhibitors.

DCMS Secretary of State Jeremy Wright commented: “Through our modern industrial strategy we’re joining with industry to invest close to £1bn in AI, to position the UK as one of the best places in the world to develop and use this exciting new technology. This investment will help us to recruit and retain the best talent in AI and ensure that we are we are leading the way on research and development in the sector.”

Adrian Smith, director of The Alan Turing Institute commented: “In order to realise the significant opportunities for innovation and growth offered by the data and artificial intelligence revolution, it is essential that we nurture and grow the very best academic talent and expertise.

“We are delighted to be working with the Government Office for AI to deliver the Turing AI Fellowships, bringing the best global researchers to collaborate with us in the UK and driving forward impact in these technologies for the benefit of science, society and the economy.

Related Articles