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Britain announced on Monday that it plans to spend 100 million pounds ($124.5 million) in initial funding to develop foundation models, to use in fields like education and healthcare, British Prime Minister Rishi Sunak said.
“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,” Sunak added.
Sunak further mentioned “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.”
