{"id":57175,"date":"2023-08-21T03:42:37","date_gmt":"2023-08-21T07:42:37","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=57175"},"modified":"2023-08-21T03:42:41","modified_gmt":"2023-08-21T07:42:41","slug":"uk-to-invest-130m-in-ai-chips-amid-computing-power-demand","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/uk-to-invest-130m-in-ai-chips-amid-computing-power-demand\/","title":{"rendered":"UK to Invest $130M in AI Chips Amid Computing Power Demand"},"content":{"rendered":"\n

AI chips will be used to establish a resource, as a recent study found that 20% of companies lack sufficient computing capacity<\/a> for AI.<\/p>\n\n\n\n

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UK to Invest $130M in AI Chips Amid Computing Power Demand<\/figcaption><\/figure>\n\n\n\n

Prime Minister Rishi Sunak of the United Kingdom plans to spend 100 million pounds ($130 million) to purchase thousands of computer chips to fuel artificial intelligence in response to a global shortage and competition for computing power.<\/p>\n\n\n\n

The Telegraph reported on August 20 that the United Kingdom intends to construct an “AI Research Resource” by the middle of 2024 as part of Sunak's plan to transform the nation into an AI technology center.<\/p>\n\n\n\n

The government is reportedly purchasing chips from NVIDIA,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> Intel, <\/use><\/svg><\/span><\/a>and AMD. <\/use><\/svg><\/span><\/a>UK Research and Innovation, which is leading the effort, is in the final phases of placing an order for 5,000 NVIDIA graphic processing units (GPUs).<\/p>\n\n\n\n

Even though $130 million has been allocated to the project, more than the funds is reportedly needed to meet Sunak's ambitions for the AI hub so that government officials may press for additional financing at the upcoming November AI safety summit.<\/p>\n\n\n\n

It follows a recent report indicating that many businesses need more resources and technical barriers to implement AI. In March, an independent evaluation of the country's artificial intelligence computing capabilities concluded that investment in the field needs to catch up to the United States and the European Union.<\/p>\n\n\n\n

At the time, fewer than 1,000 NVIDIA chips were available for researchers to train AI models; a panel advised the United Kingdom to make at least 3,000 high-quality chips available to meet immediate requirements.<\/p>\n\n\n\n

There are indications that the AI-tech dispute between the US and China will extend to other nations. The global AI trend report published by S&P Global on August 16 revealed that many companies reported they need to prepare to support AI due to insufficient computing capacity, difficulties managing data, and security concerns.<\/p>\n\n\n\n

We teamed with S&P Global to launch a global survey of #AI<\/use><\/svg><\/span><\/a> practitioners & decision-makers to see what\u2019s driving or hindering their AI projects.

Today, we published the survey\u2019s findings in this new 2023 Global Trends In AI report. Get the skinny here https:\/\/t.co\/k9W5AQ9hwg<\/use><\/svg><\/span><\/a><\/p>— WEKA (@WekaIO) August 16, 2023<\/use><\/svg><\/span><\/a><\/blockquote> \n\n\n\n

While AI is still in its infancy, according to S&P senior research analyst Nick Patience, the ability to support AI duties will determine who will lead in the space.<\/p>\n","protected":false},"excerpt":{"rendered":"

AI chips will be used to establish a resource, as a recent study found that 20% of companies lack sufficient computing capacity for AI. Prime Minister Rishi Sunak of the United Kingdom plans to spend 100 million pounds ($130 million) to purchase thousands of computer chips to fuel artificial intelligence in response to a global […]<\/p>\n","protected":false},"author":53,"featured_media":57177,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[6803,16010,6233,8056],"class_list":["post-57175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai-2","tag-gpu-2","tag-nvidia-2","tag-united-kingdom-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/bit-5.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/57175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=57175"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/57175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/57177"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=57175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=57175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=57175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}