United Kingdom invests R$629 million in artificial intelligence

The Foundation Model Task Force will focus on developing safe and reliable models for use across the economy.

The task force is expected to have a significant impact on health and education, allowing it to accelerate diagnostics, drug discovery and development. The team will also work to make the UK a world leader in foundation models. Another crucial issue is promoting AI safety as a global standard.

According to surveys carried out by the Department of Science, Innovation and Technology, the widespread adoption of AI systems could triple national productivity growth rates, highlighting the potential impact of the initiative.

It is predicted by the Department's study that global GDP could increase by 7% in ten years with the adoption of AI. 

The initiative is part of Science and Technology Structure launched by the UK government last month, which aims to make the country a “superpower” in innovation and technology by 2030. The government has set out plans to invest more than £370 million to support research and new technologies.

United Kingdom announces high investments in AI and quantum technologies; goal is to be power by 2030

The UK government recently announced a new Science and Technology Framework that focuses on making the UK a “science and technology powerhouse by 2030”. The plan is dedicated to delivering digital infrastructure globally, unlocking the value of data to create growth, innovation and social benefits, and leveraging digital transformation to build a more inclusive, competitive and innovative digital economy.

The UK Prime Minister said that “Harnessing the potential of AI offers huge opportunities to grow our economy, create better paid jobs and build a better future through advances in health and safety.”

See also:

FinChat: the ChatGPT for investment and finance

FinChat is an online tool that answers specific questions about finance and economics, both on a macro and micro level. Know more!