Britain Jumps On AI Bandwagon With $125M Taskforce For … – Crunchbase News
It looks like Britain is joining the ranks of Google and Microsoft to develop its own set of AI tools to tackle problems in two sectors notorious for slow adoption: education and health care.
The country is investing around $125 million (or 100 pounds) into developing foundational models similar to the language models ChatGPT is known for.
Just to help you understand how far (or not far) this money goes, ChatGPT rival Anthropic nabbed $124 million in Series A funding back in 2021, per Crunchbase data.
Compared to the literally billions of funding into AI since ChatGPT broke the tech industry in 2022, Britain’s humble allotment is a mere drop in the bucket.
But while Microsoft is using ChatGPT to bolster its search engine Bing and Google does the same with Google Bard, Britain’s investment “will build the UK’s ‘sovereign’ national capabilities so our public services can benefit from the transformational impact of this type of AI,” according to a press release.
The potential for AI…
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source: https://news.oneseocompany.com/2023/04/24/britain-jumps-on-ai-bandwagon-with-125m-taskforce-for-crunchbase-news_2023042443952.html
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