Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2024 02 06T001015Z 2 LYNXMPEK1500C RTROPTP 4 AMAZON COM GENERATIVE AI RUFUS
2024 02 06T001015Z 2 LYNXMPEK1500C RTROPTP 4 AMAZON COM GENERATIVE AI RUFUS

Britain invests 100 million pounds in AI research and regulation


LONDON (Reuters) – Britain on Tuesday said it would spend more than 100 million pounds ($125 million) to launch nine new research hubs in artificial intelligence (AI) and train regulators about the technology.

“AI is moving fast, but we have shown that humans can move just as fast,” technology minister Michelle Donelan said in a statement. “By taking an agile, sector-specific approach, we have begun to grip the risks immediately.”

Nearly 90 million pounds would go towards the hubs, which will focus on using AI in areas including healthcare, chemistry and mathematics, and a partnership with the United States on responsible AI, the government said.

Another 10 million pounds would help regulators address the risks and harness the opportunities of AI, it said, such as developing practical tools to monitor risks in sectors from telecoms and healthcare to finance and education.

Britain hosted an international summit in November on AI safety.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

More than 25 countries who attended signed the “Bletchley Declaration”, which focuses on identifying risks of shared concern and developing cross-country policies to mitigate them.

($1 = 0.7987 pounds)

 

(Reporting by Farouq Suleiman, Editing by Paul Sandle)

 

Recent Post: