• Wed. May 22nd, 2024

Jeremy Hunt announces £1million prize for ground-breaking artificial intelligence investigate

Bynewsmagzines

Mar 16, 2023
Chancellor Jeremy Hunt said the ‘Manchester Prize’ would be handed out every year over the next decade to an individual or team

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A million-pound-prize has been introduced to award the UK’s most floor-breaking study into artificial intelligence.

Chancellor Jeremy Hunt claimed the ‘Manchester Prize’ would be handed out each individual year above the up coming 10 years to an individual or team.

It was named in honour of a device created by the University of Manchester 75 several years ago, which grew to become the forerunner to all fashionable personal computers.

Mr Hunt pressured the need to strengthen the UK’s situation in AI, with modern developments – these types of as ChatGPT – showing the ‘powerful potential’ it had.

But he said the Britain would also need to have to invest billions of pounds to supply the computing ‘horsepower’ for any these kinds of AI to perform.

Chancellor Jeremy Hunt said the ‘Manchester Prize’ would be handed out every year over the next decade to an individual or team

Chancellor Jeremy Hunt said the ‘Manchester Prize’ would be handed out every year over the next decade to an individual or team

Chancellor Jeremy Hunt explained the ‘Manchester Prize’ would be handed out every 12 months around the following ten years to an personal or workforce

He committed £900m to create a new ‘exascale supercomputer’ and give £2.5billion for a analysis and innovation programme into quantum computing.

Mr Hunt further more announced the Authorities would accept all the recommendations produced by Sir Patrick Vallance in his impartial Long term of Compute Review, printed last week.

The report established out what the British isles- which now has only the 28th most potent pc in the earth – would need to do to reach its ambition of turning out to be a ‘science superpower’.

Mr Hunt reported the £1million prize would ‘encourage the greatest in AI research’ and was named in honour of the ‘Manchester Baby’, the world’s initial saved-programme laptop.

In 1948, soon immediately after 11am on June 21, the equipment executed its very first programme – getting 52 minutes, managing through 3.5million calculations right before it bought to the appropriate reply.

It paved the way for all modern day computer systems, smartphones, and gizmos and put the University of Manchester at the forefront of the worldwide technological revolution.

But to electrical power the most recent AI, the governing administration stated it would need to have far additional powerful pcs – and dedicated £900million into setting up an ‘exascale supercomputer’.

This is the upcoming frontier in computing and is anticipated to have a transformative influence on modern society, permitting researchers to solve challenges that have right up until now been unattainable.

One more huge target of the budget was quantum computing – an area entire of guarantee but possibly dangerous as a lot of of the very best strategies are still mostly theoretical.

The govt mentioned it would commit £2.5billion over the next ten years on the technology that will go into funding commence-ups, educational analysis and possible regulation.

The Spring Finances report said: ‘Together, these will provide significant compute capacity to our AI local community and deliver researchers with accessibility to slicing-edge computing ability.

‘They will make it possible for scientists to greater understand local weather adjust, electricity the discovery of new medicines and maximise our possible in AI.’

A further major region of financial commitment was accelerators, in which the authorities will present both equally mentoring and funding to new start-ups to help them mature.

Programs had been announced to invest £100million for a few ‘innovation clusters’ in Manchester, Birmingham and Glasgow, with a aim on AI, wellbeing technological innovation and quantum computing.

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