"The Chancellor is expected to pledge the UK to the fastest AI adoption in the G7 when she delivers the annual Mais lecture in the City of London on Tuesday. Arguing that Britain cannot stand still in a world defined by technological change, she will warn that the country can either bury our heads in the sand or chart our own course when it comes to AI."
"She is expected to back her ambition with a 500 million sovereign AI fund, to be launched in April, and a 1 billion programme to procure advanced quantum computers. Sir Keir Starmer has previously spoken about AI as a driver of economic growth and a key part of Britain's economic future."
"But adoption of the technology has sparked concerns that it could lead to major job losses, particularly among graduates and those in junior, white-collar positions. Ahead of Ms Reeves's lecture, Treasury minister Dan Tomlinson sought to play down the prospect of job losses."
The UK Chancellor Rachel Reeves is preparing to pledge Britain's commitment to the fastest AI adoption rate among G7 nations. The government plans to support this ambition through a £500 million sovereign AI fund launching in April and a £1 billion programme for advanced quantum computers. Prime Minister Sir Keir Starmer views AI as essential for economic growth and Britain's future competitiveness. However, AI adoption has raised concerns about potential job losses, particularly affecting graduates and junior white-collar workers. Treasury minister Dan Tomlinson has sought to reassure the public that embracing artificial intelligence will not result in overall job losses, positioning technological advancement as necessary for the country's economic trajectory.
Read at www.independent.co.uk
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