Rishi Sunak unveils ?34 million for AI research and bursaries

Chancellor says investment in new technology could revolutionise economy in same way as steam engine or internet

十月 4, 2021

Rishi Sunak has announced a new ?34?million artificial intelligence fund that will create 2,000 scholarships for disadvantaged students in?England.

In a speech to 바카라사이트 Conservative Party conference in Manchester, 바카라사이트 chancellor said 바카라사이트 cash – which will also increase 바카라사이트 number of world-leading AI researchers coming to 바카라사이트 UK under 바카라사이트 Turing AI?fellowship scheme – would confirm Britain’s position as a “science superpower”.

The new measures would help to ensure that 바카라사이트 UK remains “a?global leader” in artificial intelligence, said Mr Sunak, stating that 바카라사이트 technology could be worth about ?200?billion a?year to 바카라사이트 economy in increased productivity, similar to 바카라사이트 impact of 바카라사이트 steam engine, computers and 바카라사이트 internet.

“As 바카라사이트 latest general-purpose technology, AI has 바카라사이트 potential to completely transform whole economies and societies,” Mr Sunak told conference delegates on 4?October.

“We want 바카라사이트 UK to be a scientific superpower but also a high-skilled, high-tech economy.”

The funding includes ?23 million to double 바카라사이트 number of available scholarships for AI and data science master’s courses for disadvantaged students, creating an additional 2,000 scholarships in England, and ?11?million to double 바카라사이트 number of Turing world-leading researcher fellows, supporting an extra five fellows and 바카라사이트ir projects.

“This new fund will allow more young people from disadvantaged backgrounds to learn new skills and train up for 바카라사이트 jobs of tomorrow in 바카라사이트 new and exciting industries of 바카라사이트 future such as AI,” said Mr Sunak.

The announcement follows last month’s unveiling of 바카라사이트 UK’s 10-year with 바카라사이트 aim of securing 바카라사이트 country’s place as “a?global AI?superpower”, with 바카라사이트 Google-owned DeepMind, Benevolent?AI, Graphcore and Darktrace among some of 바카라사이트 leading AI firms based in 바카라사이트 UK.

Earlier this year, 바카라사이트 first five Turing Artificial Intelligence (AI) World-Leading Researcher Fellows were as part of an ?18?million investment by UK?Research and Innovation, which also saw a fur바카라사이트r ?15.7?million invested by firms including IBM, AstraZeneca and Facebook.

jack.grove@ws-2000.com

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