According to the newspaper AI News, the UK government is reconsidering its investment strategy on the adoption of AI technology.
In particular, the United Kingdom would be favoring the support of the public sector over direct investments from the sector, while heavy deficits in public finances are emerging.
At the center of the discussion is the cancellation of a $1.3 billion fund that was dedicated to the exploration of technologies related to artificial intelligence.
Let’s see all the details below.
The UK government embraces the adoption of AI technology in the midst of a public finance deficit.
The UK government intends to get serious with AI technology, supporting the adoption across the entire country, but it must deal with its disastrous budgets.
According to the latest news, the prime minister and his collaborators are about to develop a careful investment strategy.
The objective is to cultivate the potential that the artificial intelligence sector has to offer the country, favoring the adoption of the public sector over private investments.
To succeed in the endeavor, the UK government is seeking help from Matt Clifford, a well-known tech entrepreneur who last year organized an “AI security summit”.
According to local media reports, the plan should be presented in September, in view of the government’s autumn budget.
The difficulty will be in balancing the interests of the Regno Unito for tech development with the 22 billion deficit left by the previous administration in public finances.
Budget deficit https://t.co/jbELmuaM7u
— Graham Keddie (@grahamck63) September 1, 2024
Despite budget constraints and pressure from the private sector, it is undeniable that the UK continues to see a strong transformative potential of the AI sector.
This “disrupted” technology could indeed create new jobs and new economic opportunities in the country over time.
The technician Cliffor recently discussed AI penetration and adoption strategies with other experts in a meeting held at Downing Street.
The conversation was dominated by how AI can help improve public services in particular. Still, it could be used to support university spin-out companies and facilitate the hiring of start-ups abroad.
In the meantime, on August 20, the House of Commons Library of the UK, that is the library of the lower house of the British Parliament, published a text on the topic of AI.
This is a document that covers key topics such as regulation in the field of artificial intelligence, security, ethics, and the use of technology in certain sectors
This is a research briefing on artificial intelligence (AI) published by the UK House of Commons Library on August 20, 2024.
It covers:
– AI and key terms
– UK Government Policy and Regulation
– The Use of AI in Different Sectors
– AI Safety and Ethics
It also provides an… pic.twitter.com/gLp8O9ptDg
— Dr. Peter Slattery (@PeterSlattery1) August 30, 2024
The downsizing of large investments in the UK in favor of small AI projects
According to the technology minister Kyle, the UK government is seeking to support the adoption of AI while aiming to reduce public sector costs.
In fact, the downsizing of the 22 billion pound deficit will occur precisely at the expense of direct investments in the technology industry.
Since taking office, the current UK government has repealed some major expenditures planned for the exploration of the AI sector.
One of these concerns a fund of 1.3 billion pounds, including an investment of 800 million pounds for a supercomputer at the University of Edinburgh.
Another 500 million pounds were allocated to AI, Research Resource, which provides crucial computing power for research and for the training of automated models.
Although an expenditure of 1.3 billion seems trivial if we think about the potential of the AI industry, it is evident that such a figure could further compromise the public deficit.
On the contrary, the French government has recently dedicated 2.5 billion euros (equivalent to 2.1 billion pounds) to expand the adoption of the same technology.
As a backlash, the government of the United Kingdom announced that it has invested 32 million pounds in nearly 100 different artificial intelligence projects..
This denotes a change in strategy, eliminating large funding to give life to capital grants to small local realities.
These projects cover a wide range of sectors, using AI to enhance anything from construction site security to the efficiency of prescription deliveries.
More than 200 businesses and research organizations, from Southampton to Birmingham and in Northern Ireland, will benefit from it.
The minister Kyle talks about a bold approach, while some participants in the debate express concern about an excessively vigorous downsizing
The first “teacherless” class is coming in the country that leverages artificial intelligence
While in the UK there is a discussion about investments related to the adoption of AI, here in the Country
the first prototypes of “teacherless” classes are born.
This is the latest idea from David Game College, a private school in London, which uses artificial intelligence rather than human teachers to give lessons to students.
As reported by Sky News, in September the first class with 20 GCSE students will open, bringing AI and virtual reality to the desks.
In the immediate future, more delicate topics will be addressed, in order to familiarize students with these new technological tools.
At the end of the course, however, the more challenging topics are planned, which can be tackled with a complete know-how of AI’s potential.
The UK’s 
first "teacherless class", using AI instead of human teachers, is about to start 
David Game College, a private school in London, opens its new course for 20 GCSE students in September. #FutureOfWork #technology #AI #ArtificialIntelligence #education… pic.twitter.com/VZhhoUb90I
— Hana (@Hana_ElSayyed) August 31, 2024
In the financial markets, the terms “bull” and “bear” are used to describe the trends of the market. A “bull” market is characterized by rising prices, while a “bear” market is characterized by falling prices. Investors often try to predict whether the market will be “bull” or “bear” in order to make informed decisions.
Regarding this new approach in school teaching, which favors the adoption of new technologies, John Dalton, co-principal of the school, reported the following:
“There are many excellent teachers out there but we are all fallible. I think it is very difficult to reach the level of precision and accuracy of AI, and also that continuous assessment. Ultimately, if you really want to know exactly why a child is not learning, I think AI systems can identify it more effectively.”
Throughout this, 3 AI trainers will monitor the students’ progress and help them to query the new tools, fully unlocking their potential.
If investments in the UK on the topic of artificial intelligence are not going full steam ahead, we cannot say the same for school education.
The cost of the course is approximately 27,000 pounds per year.