News

Timely, comprehensive, professional and accurate information and data to understand the latest information about blockchain, cryptocurrency and Bitcoin

UK Will Spend $130 Million On AI Processors In A Bid To Get More Processing Capacity

2023-08-21 15:02:05

According to a recent survey, 20% of businesses lack access to sufficient computational capacity for AI, thus the chips will be utilized to establish an AI resource.



Source: sciencebusiness.net


Amidst a global shortage and battle for computing capacity, British Prime Minister Rishi Sunak plans to use $130 million (100 million pounds) to purchase thousands of computer chips to enable artificial intelligence. As part of Sunak's strategy to turn the nation into an AI tech center, The Telegraph stated on August 20 that the UK hopes to establish an AI Research Resource by the middle of 2024.

The UK government is purportedly purchasing chips from manufacturers Intel, AMD, and NVIDIA. It is also believed that the organization in charge of supporting science research, UK Research and Innovation, is close to placing an order for 5,000 NVIDIA graphics processing units (GPUs). Although $130 million has been set aside for the project, it is allegedly believed that this amount falls short of Sunak's aim for an AI hub. As a result, government representatives may push for further money at an upcoming summit on AI safety in November. It comes in the wake of a recent survey that claimed many businesses are having trouble using AI owing to a lack of resources and technological challenges.

An independent assessment of the nation's AI computing capabilities in March found that investment in the field is seriously lagging behind that of its foreign competitors in the US and EU. A group advised the U.K. to make at least 3,000 high-quality chips readily available to satisfy immediate needs at a time when fewer than 1,000 NVIDIA chips were accessible to academics to train AI models.


AI-Related Tensions Between The US And China Are Showing Signs Of Escalating

Based on S&P worldwide's worldwide AI trend analysis published on August 16, many businesses claimed they were not prepared to embrace AI due to a lack of processing capacity, problems with data management, and security issues. Although AI is still in its infancy. From S&P principal research analyst Nick Patience, the ability to accommodate AI workloads will be a determining factor for who will dominate the market. Only the aforementioned nations were listed in the note as of this writing, but a vice president's office official told Reuters that additional nations might be added later. The United States has already taken action against foreign investments in Chinese technology as well as Chinese access to American services and goods.


Disclaimer: FameEX makes no representations on the accuracy or suitability of any official statements made by the exchange regarding the data in this area or any related financial advice.

Copyright © 2022-2023 FAMEEX.COM All Rights Reserved
FameEX APPMobile trading, anytime, anywhere
Download