Government injects £54m into the development of trustworthy AI
Summary
The investment is set to support universities across the UK in their work develop cutting-edge artificial intelligence technology as £31 million of the funding will be used to back ground-breaking research at the University of Southampton, bringing together the expertise of academia, business, and the wider public The funding sets out to support the new Geospatial Strategy which hopes to drive growth through emerging technology such as AI, satellite imaging and real-time data, while accelerating new research ventures within the industry, philanthropic organisations and the third sector. The package was unveiled at London Tech Week, supporting the UK’s efforts in cementing itself as a science and technology powerhouse to help fuel economic growth and create more job opportunities. Sridhar Iyengar, Managing Director for Zoho Europe, commented: “The development of trustworthy AI is critical to its success. It is great to see the UK making investment to create a safe and ethical playing field for AI bringing together expertise across academia, business and the wider public to drive this forward. “The technology landscape, though, is constantly evolving, and we need a tech ecosystem which can respond to those shifting sands, harness its opportunities, and address emerging challenges.