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Britain sets up $125 million taskforce to drive AI
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LONDON (Reuters) – Britain on Monday announced 100 million pounds ($124.5 million) in initial funding for a taskforce to help develop foundation models – a type of artificial intelligence used by chatbots like ChatGPT – for use in fields like healthcare and education.
LONDON (Reuters) – Britain on Monday announced 100 million pounds ($124.5 million) in initial funding for a taskforce to help develop foundation models – a type of artificial intelligence used by chatbots like ChatGPT – for use in fields like healthcare and education.
“Harnessing the potential of AI provides enormous opportunities to grow our economy, create better-paid jobs, and build a better future through advances in healthcare and security,” British Prime Minister Rishi Sunak said.
“By investing in emerging technologies through our new expert taskforce, we can continue to lead the way in developing safe and trustworthy AI as part of shaping a more innovative UK economy.”
($1 = 0.8035 pounds)
(Reporting by Kylie MacLellan, writing by Sachin Ravikumar, Editing by Paul Sandle)
Artificial intelligence (AI) refers to the simulation of human intelligence in machines programmed to think and learn. AI can perform tasks such as problem-solving, understanding language, and recognizing patterns.
Foundation models are large-scale AI models trained on vast amounts of data, which can be fine-tuned for various applications, including natural language processing and image recognition.
Job creation refers to the process of providing new employment opportunities, often driven by economic growth, business expansion, and investments in various sectors.
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