"We have to seize this to make it work, for Britain, for our jobs, for solving the biggest challenges we face as a world. Despite concerns, AI entrepreneurs believe they can create jobs."
"The government announced on Thursday it had taken an undisclosed shareholding in London-based Callosum, a company that helps different types of computer chips work together efficiently to train and operate AI models."
"Six UK companies will also receive access to a network of government-funded supercomputers to help them develop AI models in exchange for a right of first refusal to invest in some of those firms."
The UK technology secretary emphasized the need to harness AI for the country's benefit, announcing a 500m sovereign AI fund. Despite concerns about job losses and cybersecurity threats, the government aims to create new employment opportunities through AI. The first investment was made in Callosum, a company enhancing computer chip collaboration for AI training. Additionally, six UK companies will gain access to government-funded supercomputers to develop AI models, contributing to the fund's value. Startups like Prima Mente and Cursive are among those benefiting from this initiative.
Read at www.theguardian.com
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