The UK plans on spending 130 million dollars to come up with an AI base. According to a recent report, 20% of firms cannot get access to AI power.
British Prime Minister Rishi Sunak Welcomes AI
The UK is set to build an AI resource centre by the time mid-2024 reaches. There are also reports that the UK government has already started reeling in chips from companies such as Intel and AMD and that the UK Research and Innovation is in the final stages of acquiring 5000 NVIDIA graphic processing units.
It has come to the attention of the organization that the 130$ million procured will not be enough to buy all the chips. As a result, many are speculating that the government officials advocating for the project will ask for more money to enable the project to be realized fully.
The companies in the UK have been struggling to acquire AI resources compared to the USA. There were only 1000 chips at the disposal of the country which were not enough to train AI models. A recommendation of an additional 3000 to meet the requirements was made by a UK panel.
Also Read: Massachusetts Authorities Launch Deep Examination of AI’s Impact on Securities Industry
The Reactions To The AI Project
S&P Globals AI report stated that a large number of firms and organizations had not yet been fully prepared for the AI program. The senior research analyst has however said that it is still early and therefore there is enough time. At the same time, however, the major factor that will determine the success of the project will depend on who can carry the workload
We teamed with S&P Global to launch a global survey of #AI practitioners & decision-makers to see what’s driving or hindering their AI projects.
Today, we published the survey’s findings in this new 2023 Global Trends In AI report. Get the skinny here https://t.co/k9W5AQ9hwg
— WEKA (@WekaIO) August 16, 2023