On Monday, Britain announced an initial funding of 100 million pounds ($124.5 million) for the development of foundation models, a type of artificial intelligence used in various fields such as healthcare and education, including chatbots like ChatGPT.
British Prime Minister Rishi Sunak stated that utilizing AI has the potential to boost the economy, generate higher-paying employment opportunities, and advance healthcare and security.Our new expert taskforce is investing in emerging technologies to develop safe and trustworthy AI, which will contribute to shaping a more innovative UK economy.