Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Headlines

UK must have global ambition in AI, DeepMind's Hassabis says

Published by Global Banking and Finance Review

Posted on March 17, 2025

Featured image for article about Headlines

By Paul Sandle

LONDON (Reuters) - Britain must leverage its strengths to influence how artificial intelligence is deployed around the world, DeepMind founder Demis Hassabis said on Monday, as the AI research firm's owner Google announced upgrades to its offering in the country.

Hassabis, who founded DeepMind in London in 2010 and sold it to Google four years later, said Britain's top universities and talent pool put it at technology's cutting edge.

"It's more important than ever that we are at the forefront of these technologies as a country, both economically but also geopolitically to influence how these technologies end up getting deployed and used around the world," he said.

British Prime Minister Keir Starmer said during a White House visit last month that the United States and Britain were working on an economic deal, with advanced tech at its core.

Separately on Monday, Google Cloud rival Oracle announced that it planned to invest $5 billion in Britain over the next five years to meet growing demand for its cloud services.

It said the investment would help the British government deliver on its vision for AI innovation and adoption.

DeepMind's Hassabis also called for the creation of international standards on the use of copyrighted material in the development of AI models.

"The complication is that these models are kind of global, they're used everywhere," he said.

He was speaking at a Google AI event after Google Cloud announced new products, including expanded UK data residency for Google Agentspace, its work productivity tool.

Google also said it would add its Chirp 3 audio generation model, which uses voices with human-like intonation, to its Vertex AI platform on Google Cloud from next week.

(Reporting by Paul Sandle; Editing by Joe Bavier)