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The U.K. government has pledged over £100 million to invest in AI research centers, upskill regulators, and support research projects. This investment aims to keep up with the rapid innovations in AI in Asia and North America. A tenth of the funds will be allocated to upskilling regulators to handle AI technology.
"...the UK is investing more in AI safety than any other country in the world. Today we are announcing over £100 million to help realise new AI innovations and support regulators' technical capabilities," the document says.
However, despite the commitment, the U.K. is struggling with AI regulations. An initiative to draft a voluntary code to guide the use of copyrighted material in AI collapsed due to competing interests among industry stakeholders. The responsibility was returned to the Department for Science, Innovation and Technology.
"This is a fast-moving and complicated area. It's a tough task, and frustrating that it hasn't been taken further by now. There are competing interests on the table. This won't be solved overnight," remarked one of the people involved in the initiative.