The UK government has announced $68 million (£54 million) in new investments for the development of AI technology, including $39 million for the creation of a research and innovation ecosystem for responsible and trustworthy AI.
The funding was announced by technology secretary Chole Smith during her speech at London Tech Week on Wednesday, and follows previous commitments to the AI sector made by the government.
These include $126 million in funding for a Foundation Model Taskforce, which aims to support the development of secure and reliable AI models that can be used in industries such as healthcare and education, and a new AI research award which will offer $1.2million per year to the company that has achieved the “most groundbreaking British AI research.”
