Forget the space race, the AI race is just beginning

Last week, the UK announced a deal between private and public groups that would bring more than $200 million of AI investment into the country, a representative of the initiative told Quartz. The UK government is pledging $30 million to build AI tech incubators, while VC firm Global Brain has pledged a $50 million fund and Chrysalix will put up a fund of more than $100 million. The government will also take a more proactive role in funding academic research, financially supporting 1,000 AI PhDs at any given time. This supports universities such as Cambridge and Oxford, which both have large artificial intelligence programs.