John Healey pledges to use budget to harness power of AI to bolster Britain’s security
Chancellor says government to commit hundreds of millions to develop ‘distinctively British’ approach to AI John Healey has pledged to use Wednesday’s budget to harness the power of artificial intelligence to bolster Britain’s security and prosperity against the risks in the accelerating global technology arms race. As he prepares for his debut budget, the chancellor said that Andy Burnham’s…
Chancellor John Healey has announced that the government will invest hundreds of millions of pounds in AI during Wednesday's budget, with the aim of bolstering Britain's security and prosperity. The new investment will focus on developing a "distinctively British" approach to AI that harnesses the benefits of the technology while safeguarding against its potential risks.
Healey emphasized the importance of addressing cyber risks, as AI advances could lead to disruptive changes in the global technology arms race. The budget will also provide funds for Britain's AI Security Institute and other critical institutions, as well as support for the use of AI for good purposes. Healey stated that AI will transform daily life and ensure the benefits of AI-enabled growth are felt across the country, while also protecting workers and national interests.
The chancellor's budget comes amid a volatile global economic backdrop, with the war in the Middle East putting pressure on public finances and reigniting the cost of living crisis. Healey aims to use the budget to provide households and businesses with "breathing space," addressing concerns about potential job disruption while nurturing homegrown businesses and talent.
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