{"id":4231,"date":"2018-04-26T13:37:35","date_gmt":"2018-04-26T13:37:35","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=4231"},"modified":"2020-02-27T09:35:52","modified_gmt":"2020-02-27T09:35:52","slug":"british-government-takes-ai-challenge-new-1-billion-deal","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/british-government-takes-ai-challenge-new-1-billion-deal\/","title":{"rendered":"British government takes on AI challenge with new \u00a31 billion deal"},"content":{"rendered":"
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British government takes on AI challenge with new \u00a31 billion deal<\/figcaption><\/figure>\n

The Department for Digital, Culture, Media and Sport (DCMS) has announced that 50 leading technology companies and organisations have contributed to the development of an AI deal worth almost \u00a31 billion, including almost \u00a3300m of private sector investment into UK sector.<\/p>\n

The announcement follows the launch of the\u00a0government\u2019s Industrial Strategy<\/a>, within which AI was highlighted as one of the UK\u2019s four \u2018grand challenges\u2019.\u00a0MPs also recently released a report<\/a>\u00a0analysing the government\u2019s AI strategy, stating that it needed to rethink funding, procurement and infrastructure.<\/p>\n

Other endeavours taken by the government\u00a0include the establishment<\/a>\u00a0of the Government Office for AI, the AI Council and the Centre for Data Ethics and Innovation<\/p>\n

However, this latest announcement is the biggest to come out of DCMS in terms of tangible action on AI, with a strong focus on private sector investment, both from within the UK and abroad.<\/p>\n

The deal between government and industry, announced by Business Secretary Greg Clark and Digital Secretary Matt Hancock today, also includes more than \u00a3300 million of newly allocated government funding for AI research.<\/p>\n

It also marks the first phase of a major investment drive in AI which aims to help the UK seize the \u00a3232 billion opportunity AI offers the UK economy by 2030 (10 percent of GDP), according to DCMS.<\/p>\n

New investments announced as part of the deal, include:<\/p>\n