The United Kingdom is planning a big investment in artificial intelligence technologies in a deal worth nearly £1 billion, or about $1.3 billion. The U.K. government said Thursday that part of its multi-year AI investment–about £300 million, or more than $400 million–would come from U.K.-based corporations and investment firms and those located outside the country. Some of the U.S.-based companies involved with the U.K.'s AI deal include Microsoft, Hewlett Packard Enterprise, IBM, McKinsey, and Pfizer, but the U.K. did not say how much each firm was planning to individually invest. A few of these U.S. companies helped consult on an earlier independent review on developing AI in the U.K. that the government is using as a template for its new initiative. Antony Phillipson, the United Kingdom's trade commissioner for North America, said that the investments are part of a broader set of initiatives the U.K. government is undertaking to address several areas U.K. lawmakers believe will soon affect the country's economy and society.
Apr-26-2018, 09:30:53 GMT