Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Government injects £54m into the development of trustworthy AI

by June 15, 2023
June 15, 2023
Government injects £54m into the development of trustworthy AI

The Secretary of State for Science, Innovation and Technology Chloe Smith, has announced a £54 million investment to support the UK’s AI and data science workforce and develop trustworthy and secure AI.

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.

“AI offers huge potential for business and the economy, as a tool to improve efficiencies and provide enhanced customer service capabilities via the use of customer service assistants, data analysis, forecasting and more.

“As the debate around the future of this emerging and fast moving technology continues, this collaboration can help to ensure best practice in providing guidance and regulation which sees AI applied to aid ethical and secure adoption and which can help the UK continue its ambition to take the lead in these industry developments. Further education from all parties will only work to increase trust and reduce fears.”

Technology Secretary Chloe Smith, said: “Despite our size as a small island nation, the UK is a technology powerhouse. Last year, the UK became just the third country in the world to have a tech sector valued at $1 trillion. It is the biggest in Europe by some distance and behind only the US and China globally.

“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. The measures unveiled today will do exactly that.

Read more:
Government injects £54m into the development of trustworthy AI

0
FacebookTwitterGoogle +Pinterest
previous post
Amazon staff in Coventry vote for six more months of strikes
next post
‘Our country needs help’: Americans in nation’s biggest blue city grade President Biden’s performance

You may also like

The Importance of IT Audits in Safeguarding Digital...

April 25, 2024

Duncan Bannatyne, OBE, Joins Assisted Living Project as...

January 9, 2024

Virtual Data Rooms Unveiled: How They Revolutionize Secure...

August 22, 2024

The Legal Landscape of E-commerce: Contracts, Compliance, and...

October 11, 2024

UK Gambling Industry Concerned Over Stricter Regulation and...

May 29, 2025

Sky Media launches ‘Local Heroes’ initiative to support...

July 3, 2024

Industry leaders debate UK’s net zero action plan...

November 14, 2023

Half a million small businesses disappear since pandemic...

October 7, 2024

Bentley boss Hallmarks’ new mission: saving Aston Martin...

August 31, 2024

How to Make Your Business More Sustainable

August 24, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How Staff Can Strengthen HIPAA Compliance and Security

      June 29, 2025
    • Lotus denies plans to close Hethel factory amid US expansion talks

      June 29, 2025
    • Top university degrees lose sway as tech employers prioritise job-ready skills

      June 29, 2025
    • Government urges supermarkets to make healthy food more appealing in bid to tackle obesity crisis

      June 29, 2025
    • Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

      June 29, 2025
    • Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians

      June 29, 2025

    Categories

    • Business (8,334)
    • Investing (2,081)
    • Politics (15,853)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved