bold investment
Britain Spins A Big, Bold Investment In A.I.
Business Secretary Greg Clark and Culture, Media and Sport Secretary Matt Hancock (second left) talk with Alistair Cohen (left) and Brent Hoberman, Chairman of the Founders Factory (right), as they meet with artificial intelligence companies at Northcliffe House in Kensington, London as part of the launch for the Artificial Intelligence Sector Deal. Britain wants you to know that even as it stumbles towards Brexit, it's racing ahead on one of the most important technological innovations of our time - artificial intelligence. The U.K. government announced Thursday that it had put together "an AI deal worth more than £1 billion" that includes public and private funding. The money is going towards research and grants, with around £145 million from two foreign venture capital firms going into British, emerging-tech startups. It comes a couple of weeks after France announced its own commitment to AI.