UK technology secretary urges UK public to embrace AI as government makes first £500m fund investment

It is reported that UK technology secretary, Liz Kendall, has urged the public to embrace AI as the government announced its first investment from a £500m sovereign AI fund, emphasizing the need to “make AI work for Britain” despite concerns about job disruption and cybersecurity risks highlighted by US startup Anthropic’s recent developments. The government revealed an undisclosed stake in London-based Callosum, which enhances the efficiency of computer chips for AI training, and plans to support six UK companies with access to government-funded supercomputers to develop AI models. Kendall acknowledged that while some jobs may be lost due to automation, new employment opportunities could arise, and Chancellor Rachel Reeves stated that supporting national AI champions is crucial for maintaining competitive companies in the UK.

Click here for the official article/release

Disclaimer

The Legal Wire takes all necessary precautions to ensure that the materials, information, and documents on its website, including but not limited to articles, newsletters, reports, and blogs (“Materials”), are accurate and complete. Nevertheless, these Materials are intended solely for general informational purposes and do not constitute legal advice. They may not necessarily reflect the current laws or regulations. The Materials should not be interpreted as legal advice on any specific matter. Furthermore, the content and interpretation of the Materials and the laws discussed within are subject to change.

AI was used to generate part or all of this content - more information

Also Read:  MTI says US AI chip tariffs have "minimal impact" on Singapore