U.K. to Turbocharge AI, Gain up to $57 Billion a Year as World Leader
Artificial intelligence will “be unleashed across the U.K. to deliver a decade of national renewal.” At least, that is the vow made by Prime Minister Keir Starmer as he unveiled a plan that his Labour Party government says will “turbocharge AI” and “deliver a decade of national renewal” by “backing AI to the hilt.” Agreeing to take forward all 50 recommendations set out by Matt Clifford, chairman of talent investor Entrepreneur First, in his “AI Opportunities Action Plan,” which he was tasked to draw up last summer, Starmer and his team said on Monday that AI could help with “revolutionizing our public services and putting more money in people’s back pockets.” Citing an International Monetary Fund (IMF) estimate, the government emphasized that “if AI is fully embraced and productivity gains are fully realized, this could be worth up to an average £47 billion ($57 billion) to the U.K. each year over a decade.” Concluded the government: “Today’s plan mainlines AI into the veins of this enterprising nation – revolutionizing our public services and putting more …