{"id":139890,"date":"2023-09-02T00:42:55","date_gmt":"2023-09-01T19:12:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=139890"},"modified":"2023-09-02T00:42:55","modified_gmt":"2023-09-01T19:12:55","slug":"uk-to-spend-130m-on-ai-chips-amid-scramble-to-buy-up-computing-power-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/uk-to-spend-130m-on-ai-chips-amid-scramble-to-buy-up-computing-power-crypto-news\/","title":{"rendered":"UK to spend $130M on AI chips amid scramble to buy up computing power – Crypto News"},"content":{"rendered":"
\n

British Prime Minister Rishi Sunak is set to spend $130 million (100 million pounds) to buy thousands of computer chips to power artificial intelligence, amid a global shortage and race for computing power.<\/p>\n

The Telegraph reported<\/a> on Aug. 20 that the United Kingdom aims to build an “AI Research Resource” by mid-2024 as part of Sunak\u2019s plan to make the country an AI tech hub<\/a>.<\/p>\n

The government is reportedly sourcing chips from makers NVIDIA, Intel and AMD \u2014 and it is understood that the science funding body UK Research and Innovation \u2014 which is leading the effort \u2014 is in the late stages of ordering 5,000 NVIDIA graphic processing units<\/a> (GPUs). <\/p>\n

However, while $130 million has been allocated to the project, the funds are reportedly seen as insufficient to match Sunak\u2019s AI hub ambition, meaning government officials could pressure for more funding in an upcoming November AI safety summit.<\/p>\n

It follows a recent report that said many companies are struggling to deploy AI due to available resources and technical obstacles.<\/p>\n

In March, an independent review<\/a> of the country\u2019s AI computing capabilities said investment in the space is \u201cseriously lagging\u201d behind international counterparts in the United States<\/a> and European Union.<\/p>\n

At the time, less than 1,000 NVIDIA chips were available for researchers to train AI models<\/a> \u2014 a panel recommended the U.K. make available at least 3,000 top-quality chips to meet immediate needs.<\/p>\n

Related: <\/em><\/strong>US and China AI-tech standoff shows signs of spreading to other countries<\/em><\/strong><\/a><\/p>\n

On Aug. 16, S&P Global\u2019s global AI trend report<\/a> found that many firms reported they\u2019re not ready to support AI, due to not having enough computing power, along with challenges managing data and security concerns.<\/p>\n

\n

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

Today, we published the survey\u2019s findings in this new 2023 Global Trends In AI report. Get the skinny here https:\/\/t.co\/k9W5AQ9hwg<\/a><\/p>\n

\u2014 WEKA (@WekaIO) August 16, 2023<\/a><\/p><\/blockquote>\n

While it’s still early days for AI \u2014 S&P senior research analyst Nick Patience said a deciding factor for who will lead in the space will be decided by who can support AI workloads.<\/p>\n

AI Eye: <\/em><\/strong>Apple developing pocket AI, deep fake music deal, hypnotizing GPT-4<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

British Prime Minister Rishi Sunak is set to spend $130 million (100 million pounds) to buy thousands of computer chips to power artificial intelligence, amid a global shortage and race for computing power. The Telegraph reported on Aug. 20 that the United Kingdom aims to build an “AI Research Resource” by mid-2024 as part of […]<\/p>\n","protected":false},"author":2,"featured_media":139891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-139890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=139890"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139890\/revisions"}],"predecessor-version":[{"id":147537,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139890\/revisions\/147537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/139891"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=139890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=139890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=139890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}