UK invests £100M in AI research and regulation, £45M in quantum

Key Takeaways:

– The UK government is investing over £100mn in AI research and regulation
– The UK’s approach to AI is “pro-innovation” and aims to establish agile rules
– The government will not rush to legislate and will empower regulators to address potential risks
– £10mn will be allocated to upskill regulators in evaluating AI opportunities and risks
– Key regulators, including Ofcom and the Competition and Markets Authority, will publish their individual approaches
– The focus is on supporting homegrown AI rather than rule-making
– £90mn will support the launch of nine research hubs to harness AI benefits and ensure responsible deployment
– £2mn will focus on responsible AI in sectors like education and creative industries
– £19mn will go to projects accelerating AI and machine learning solutions
– The UK is also investing £45mn in quantum technologies, with a focus on healthcare and transport applications
– £30mn is for the development of quantum computers, and £15mn is for integrating quantum into the public sector
– The funding is part of the country’s quantum strategy, which has committed £2.5bn between 2024 and 2034
– The EU’s Quantum Technologies Flagship program has pledged €1bn until 2028
– The TNW Conference 2024 will focus on AI-powered rebirth, and readers can get a discount using the code TNWXMEDIA.

The Next Web:

The UK government is investing over £100mn in AI R&D and regulation, in its first official response to the AI white paper consultation it released in March 2023.

Unlike the EU’s sweeping AI law, the UK’s announcement further backs the white paper’s “pro-innovation” approach.

Aiming to establish rules that can be “more agile” than those of competitor nations, the government confirmed once again that it “will not rush to legislate.” Instead, it will retain a context-based approach that empowers regulators to address potential risks.

For this reason, the UK is pledging £10mn to prepare and upskill regulators to evaluate the opportunities and risks associated with the technology. Key regulators, including Ofcom and the Competition and Markets Authority, will have to publish their individual approach by April 30.

“By taking an agile, sector-specific approach, we have begun to grip the risks immediately, which in turn is paving the way for the UK to become one of the first countries in the world to reap the benefits of AI safely,” said Michelle Donelan, Secretary of State for Science, Innovation, and Technology.

Indicating the government’s clear focus on supporting rather than rule-making for homegrown AI r, the largest amount of the funding will go towards R&D.

Specifically, £90mn will support the launch of nine research hubs across the country to further harness the tech’s benefits and ensure the deployment of “responsible” AI. Another £2mn provided by the Arts and Humanities Research Council (AHRC) will focus on “what responsible AI looks like” in sectors such as education and the creative industries.

Some £19mn will go to 21 projects seeking to accelerate the deployment of AI and machine learning solutions.

Quantum tech runner up for investment

Meanwhile, the UK is also investing £45mn in quantum technologies, especially targeting hardware and applications in healthcare and transport.

£30mn are earmarked for the development of quantum computers, while the remaining £15mn aim to integrate quantum into the public sector on projects from optimising energy grids to treating neurological disorders.

The funding is part of the country’s quantum strategy, which has committed a total of £2.5bn between 2024 and 2034. For its part, the EU’s Quantum Technologies Flagship programme has pledged €1bn until 2028. Further investment is expected through the European Declaration on Quantum Technologies, a collaboration between 11 member states seeking to turn Europe into the “quantum valley” the world.

One of the themes of this year’s TNW Conference is Ren-AI-ssance: The AI-Powered Rebirth. If you want to go deeper into all things artificial intelligence, or simply experience the event (and say hi to our editorial team), we’ve got something special for our loyal readers. Use the code TNWXMEDIA at checkout to get 30% off your business pass, investor pass or startup packages (Bootstrap & Scaleup).

Source link

AI Eclipse TLDR:

The UK government has announced that it will invest over £100 million in AI research and development (R&D) and regulation, as part of its response to the AI white paper consultation released in March 2023. Unlike the EU’s comprehensive AI law, the UK’s approach supports the white paper’s “pro-innovation” stance and aims to establish more agile rules than competing nations. The government has reiterated that it will not rush to legislate and will instead empower regulators to address potential risks through a context-based approach. To prepare regulators to evaluate the opportunities and risks associated with AI, the UK will allocate £10 million towards their training. Key regulators, including Ofcom and the Competition and Markets Authority, will have to publish their individual approaches by April 30. The largest portion of the funding, £90 million, will be dedicated to R&D and the launch of nine research hubs across the country to ensure the responsible deployment of AI. An additional £2 million provided by the Arts and Humanities Research Council will focus on responsible AI in sectors like education and the creative industries, while £19 million will be allocated to 21 projects aimed at accelerating the deployment of AI and machine learning solutions. The UK is also investing £45 million in quantum technologies, with a particular focus on healthcare and transport. £30 million will be used for the development of quantum computers, while the remaining £15 million will aim to integrate quantum into the public sector for projects such as energy grid optimization and the treatment of neurological disorders. The funding is part of the country’s quantum strategy, which has committed a total of £2.5 billion between 2024 and 2034. The EU’s Quantum Technologies Flagship program has pledged €1 billion until 2028, and further investment is expected through the European Declaration on Quantum Technologies, a collaboration between 11 member states.