UK government to allocate $125 million for AI research and regulation | Technology News

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The Technology minister of the United Kingdom expressed confidence in the potential of AI to improve public services and the economy. The government has announced plans to invest over 100 million pounds in AI research and training, including the launch of nine new AI research hubs, support for AI research in education, policing, and creative industries, and training for regulators. Secretary of State for Science, Innovation and Technology Michelle Donelan emphasized the importance of responsible and agile regulation to manage the risks and benefits of AI. The UK is also positioning itself as a leader in AI regulation, with Prime Minister Rishi Sunak advocating for government oversight of the technology. Major players in AI, such as Microsoft, Google, and Amazon, have welcomed the government’s announcement, expressing support for the UK’s commitment to AI research and regulation.

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