UK government has high AI expectations

Stefan Mileschin · 23rd August 2023, 08:30

But wants to achieve them with low investment

UK government thinks it can recover from its Brexit fiasco on the back of the rise of AI and it is willing to put its money wear its mouth is -- all $127 million.

While many companies and governments would spend that amount of money on having a decent drinks cabinet, the UK believes that sum is ample to make those nasty smelly foreigners quake at British imperial power again.

Taxpayer money will be used as part of a drive to build a national AI resource in Britain, similar to those under development in the US and elsewhere.

The money will also buy key components from major chipmakers Nvidia, AMD and Intel.

To be fair, the government has been warned by its officials that $127 million was far too low relative to investment by peers in the EU, US and China.

https://fudzilla.com/news/ai/57458-u...i-expectations

23rd August 2023, 08:30	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	UK government has high AI expectations But wants to achieve them with low investment UK government thinks it can recover from its Brexit fiasco on the back of the rise of AI and it is willing to put its money wear its mouth is -- all $127 million. While many companies and governments would spend that amount of money on having a decent drinks cabinet, the UK believes that sum is ample to make those nasty smelly foreigners quake at British imperial power again. Taxpayer money will be used as part of a drive to build a national AI resource in Britain, similar to those under development in the US and elsewhere. The money will also buy key components from major chipmakers Nvidia, AMD and Intel. To be fair, the government has been warned by its officials that $127 million was far too low relative to investment by peers in the EU, US and China. https://fudzilla.com/news/ai/57458-u...i-expectations

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
5G was overhyped and failed to meet expectations	Stefan Mileschin	WebNews	0	23rd August 2023 08:30
Cisco beats analysts' expectations	Stefan Mileschin	WebNews	0	18th November 2018 12:24
Nvidia earnings down, but above expectations	Stefan Mileschin	WebNews	0	12th August 2013 06:23
AMD beats expectations, stays in the red	Stefan Mileschin	WebNews	0	22nd April 2013 07:39
Intel lowers Q3 expectations	Stefan Mileschin	WebNews	0	11th September 2012 08:23
Analysts Lower Expectations for Facebook by $1B	Stefan Mileschin	WebNews	0	3rd September 2012 10:33
AMD's Own HD 7970 Performance Expectations?	Stefan Mileschin	WebNews	0	20th December 2011 08:27
I bought an SSD and it beat my expectations	Rutar	General Madness - System Building Advice	3	25th October 2008 21:15
Intel Q3 Beats Expectations	jmke	WebNews	0	18th October 2006 08:47
Intel Second-Quarter Business At High End Of Expectations	Sidney	WebNews	6	10th June 2005 03:03