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£100m for computer chips

£100m for computer chips

British Prime Minister Rishi Sunak wants to spend £100 million to buy thousands of computer chips for use in artificial intelligence. Meanwhile, there is a global shortage of computing power.

The Telegraph reported On August 20 Britain aims to create an “AI research resource” by mid-2024. Sunak has been planning to make the country an AI technology hub for some time.

The government is looking to source chips from manufacturers NVIDIA, Intel and AMD. It is believed that the Science Funding Agency UK Research and Innovation will place an order for 5,000 Nvidia GP to finish.

Although $130 million has been earmarked for the project, the funds are said to be insufficient to build Sunak’s AI center. That means government officials could push for more funding at an AI security summit planned for November.

Earlier, a recent report said that many companies were struggling to adopt AI due to available resources and technological barriers.

It said in an independent in March Experiment Investments in this area are internationally comparable to the country’s AI computing capabilities America And the EU is “deeply behind”.

At the time, researchers had fewer than 1,000 NVIDIA chips to work with AI models To train. The committee recommended that the UK supply at least 3,000 high-quality chips to meet immediate needs.

On August 16, the global AI trendReport S&P Global found that many companies are not yet ready to adopt AI due to insufficient computing power, data management challenges and security concerns.

AI is still in its infancy, but Nick Patience, a senior research analyst at S&P, says the determining factor in who will lead the way in this space will be who can handle the biggest AI workloads.