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The UK government, today, announced a £32 million investment in artificial intelligence (AI) projects to support 98 AI initiatives across the country.
This funding is expected to benefit more than 200 businesses and research institutions across the country, with a focus on companies developing AI solutions for various practical applications.
Projects that will benefit from this initiative will get funding through the UKRI Technology Missions Fund, while the projects will be delivered through the Innovate UK BridgeAI.
Funding will support diverse projects, such as enhancing NHS prescription delivery efficiency through AI algorithms and improving safety training for construction workers. Feryal Clark, Minister for Digital Government and AI, highlighted the impact the funding would have on the economy and public services. The selected projects aim to reduce train delays, enhance infrastructure maintenance, and improve patient experiences in the NHS.
Notable AI projects targeted for funding include V-Lab Ltd, which has been awarded £165,006 to develop AI-powered construction training simulations, and Nottingham-based Anteam, which will work with the NHS to optimize prescription deliveries using AI algorithms.
However, this announcement follows the government’s decision to shelve £1.3 billion of AI funding pledged by the last government, including £800 million for a supercomputer at Edinburgh University.
While some may argue that £32 million for AI funding is insufficient compared to the scale of investment needed to make the UK a global leader in AI, this is not a view shared by Dynatrace CEO, Rick McConnell. He believes the announcement showcasing the UK’s willingness to invest and support firms in this space. McConnell added: “These 98 projects stand out because they are focused on specific and tangible use cases that have strong potential to drive immediate value for businesses and consumers.”
