Funding

Funding 1 - In 2018, 50+ tech companies and organizations came together under the AI Sector deal and contributed roughly $1.4 billion to it. The UK government announced that it is working on funding 8,000 specialist computer science teachers and 1,000 AI PhDs by the year 2025 in order to establish UK as an AI research hotspot. Of the new AI deal's funds, £20 million will go to help law and insurance industries adopt AI. A new Centre for Data Ethics, which will cost £9 million, is also a part of the AI deal. As one can infer from the name, the center will focus on how companies can safely and ethically innovate with technologies such as AI. An additional £21 million will be used to create Tech Nation, a UK-wide organisation working across the country to create a high-growth tech network for ambitious entrepreneurs.Funding 2 - In February 2019, Imperial College London won funding from United Kingdom Research and Innovation (UKRI) to host a Centre for Doctoral Training (CDT) in AI and healthcare, and will be a partner in another AI CDT hosted elsewhere. The funding will be used for training Ph.D. students in healthcare and AI. The UKRI will contribute £7.1 million to the project, which will be combined with funding from industry partners and Imperial to create a Centre worth £20 million. Students of computer science, mathematics, and engineering, as well as clinicians trained as PhD fellows on the four-year PhD courses will be supervised by experts in both AI and healthcare.Funding 3 - In February 2019, UK Research and Innovation announced £100m investment to train new generation of Ph.D. students to use AI technology to improve healthcare, tackle climate change and create new commercial opportunities. They will be trained at 16 new Centres for Doctoral Training (CDTs) based at 14 UK universities with 300 partners, including AstraZeneca, Google and Rolls-Royce, and NHS trusts. Project partners are investing £78 million in cash or in-kind contributions and partner universities are committing a further £23 million, resulting in an overall investment of more than £200 million. Since 2014, the government has allocated over £2.3 billion to various Artificial Intelligence initiatives as part of its investment strategy.

After the US and China, the UK boasts the third-largest number of AI companies globally. Among these companies are DeepMind, a prominent entity in the field. Additionally, the UK houses Graphcore, a machine learning semiconductor company situated in Bristol, Darktrace, a world-renowned AI enterprise specializing in cybersecurity, and BenevolentAI, a transformative company shaping the future of disease treatment.