Electronic Specifier Design Magazine, December 2023: IoT & VR/AR
It seems like there has been some welcome news in this year’s Autumn Statement, after what has been a rather turbulent economic period.
Here are the main points outlined by Jeremy Hunt:
An AI powerhouse
To harness the vast potential benefits of AI, the UK is emphasising collaboration with international partners to ensure the responsible development of advanced AI systems. The government is set to establish the inaugural AI Safety Institute, with a starting investment of £100 million. Concurrently, the government is refining its broader regulatory framework to strike a balance between fostering innovation and ensuring safety. It plans to publish its response to the AI whitepaper by the year’s end and introduce a pilot AI Regulatory Sandbox in the spring. Furthermore, later this year, the government will launch the Manchester Prize, offering awards of up to £1 million over the next decade to researchers focusing on the safe and responsible use of AI.
An additional investment of £500 million in computing resources for AI is planned for the next two fiscal years, bringing the total planned investment to over £1.5 billion. This initiative aligns with the government’s £100 million AI Life Sciences Accelerator Mission, introduced by the Prime Minister, which aims to leverage health data and advanced AI to tackle major national health challenges.
For the latest updates and insights on electronics engineering news, stay tuned to our platform.
Thank you for visiting the Electronic Specifier Design magazine. We hope you find the content useful in your endeavours.
Paige West, Managing Editor
