Britain invests 100 million pounds in AI research and regulation.

Britain plans to spend 100 million pounds to launch nine new research hubs in AI and train regulators.

LONDON:

Britain announced on Tuesday that it plans to invest over 100 million pounds ($125 million) in establishing nine new research hubs focused on artificial intelligence (AI) and providing training for regulators in this field. Technology minister Michelle Donelan stated, “AI is advancing rapidly, but we have demonstrated that humans can keep pace. By adopting an agile, sector-specific strategy, we are proactively addressing the associated risks.”

In addition to cooperation with the United States on responsible artificial intelligence, the government has said that around 90 million pounds would be allocated to the centers, which will concentrate on the application of artificial intelligence in fields such as healthcare, chemistry, and mathematics.

It was said that an additional ten million pounds would assist regulators in addressing the dangers and capitalizing on the potential presented by artificial intelligence. This would include the development of practical instruments to monitor hazards in domains ranging from telecommunications and healthcare to banking and education.

A global meeting on the safety of artificial intelligence was held in November in Britain.

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

. The declaration also emphasized the importance of collaboration and information sharing among nations to ensure the responsible development and deployment of artificial intelligence. However, with the pledged funds, regulators can now work towards establishing a robust framework for monitoring and addressing potential risks, ensuring that artificial intelligence continues to be a force for positive change in various sectors. This collective effort will not only enhance the safety of AI systems but also pave the way for global cooperation in harnessing the full potential of this transformative technology.