Britain Pledges To Invest £2.5bn In Quantum Computing

The British Finance Minister, Chancellor Jeremy Hunt, has set out a plan to improve the national AI industry with the objective for the country to become a "world-leading quantum-enabled economy by 2033" with a £2.5bn research and innovation programme. Hunt said  that  he wants the "best AI research to happen in the UK".

His Budget announced an investment of £900m to set up an Artificial Intelligence (AI) research resource to develop an "Exascale" supercomputer, with initial investments this year. 

These supercomputers have important military applications and it may be that others already exist, but not publicly acknowledged by their owners. Capable of at least a quintillion operations per second an Exascale computer can be used for training complex AI models, but also have other uses across science, industry and defence, including modelling weather forecasts and climate projections. 

Only one such machine is known to exist, Frontier, which is housed at America’s Oak Ridge National Laboratory and used for scientific research. Frontier, which cost about £500m to produce and came online in 2022, is more than twice as powerful as the next fastest machine.

Hunt also announced an annual £1m prize for the most ground-breaking research into artificial intelligence. This prize will be called the Manchester Prize in honour of 'Baby' the world’s first stored program computer, which was built at the University of Manchester in 1948.

  • Entrepreneur network Tech Nation called this Budget statement "a positive indication of the UK government's commitment to becoming a science and technology superpower".
  • Industry body TechUK said he had "put the UK back on the pitch when it comes to the global competition for science and technology", despite "notable omissions and frustrations, such as the lack of a UK semiconductor strategy and the only partial reversal of cuts to the R and D [research and development] tax credit".

AIs are trained on large datasets of images and text, sometimes "scraped" from the internet without permission some owners of Intellectual Property (IP), artists and rights owners fear this means the British government will revive a plan to provide an exemption to copyright rules to let AI companies scrape content. and allege their IP rights are being violated. 

In his Budget speech, Chancellor Hunt said: "We'll work at pace with the Intellectual Property Office to provide clarity on IP rules so that generative AI companies can access the material they need."

Computer Weekly:     BBC NW:   BBC:    Devtalk:     Guardian:     Prolific North:     Yahoo:  

You Might Also Read: 

Quantum Computing Raises As Many Problems As It Solves:

___________________________________________________________________________________________

If you like this website and use the comprehensive 6,500-plus service supplier Directory, you can get unrestricted access, including the exclusive in-depth Directors Report series, by signing up for a Premium Subscription.

  • Individual £5 per month or £50 per year. Sign Up
  • Multi-User, Corporate & Library Accounts Available on Request

Cyber Security Intelligence: Captured Organised & Accessible


 

« US Federal Agency Hacked 
Jackpotting Attacks Are Back - But Banks Can Fight Back »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

XYPRO Technology

XYPRO Technology

XYPRO is the market leader in HPE Non-Stop Security, Risk Management and Compliance.

BackupVault

BackupVault

BackupVault is a leading provider of automatic cloud backup and critical data protection against ransomware, insider attacks and hackers for businesses and organisations worldwide.

Clayden Law

Clayden Law

Clayden Law advise global businesses that buy and sell technology products and services. We are experts in information technology, data privacy and cybersecurity law.

Cyber Security Supplier Directory

Cyber Security Supplier Directory

Our Supplier Directory lists 6,000+ specialist cyber security service providers in 128 countries worldwide. IS YOUR ORGANISATION LISTED?

ManageEngine

ManageEngine

As the IT management division of Zoho Corporation, ManageEngine prioritizes flexible solutions that work for all businesses, regardless of size or budget.

CoSoSys Endpoint Protector

CoSoSys Endpoint Protector

Endpoint Protector by CoSoSys is an advanced all-in-one DLP solution for Windows, macOS, and Linux, that puts an end to unintentional data leaks and protects from malicious data theft.

CrowdStrike

CrowdStrike

CrowdStrike is a global provider of security technology and services focused on identifying advanced threats and targeted attacks.

RPC

RPC

RPC is a business law firm. Practice areas include technology and cyber risk.

Brit

Brit

Brit PLC is a market-leading global specialty insurer and reinsurer, focused on underwriting complex risks including cyber, privacy and technology.

Ensconce Data Technology (EDT)

Ensconce Data Technology (EDT)

EDT’s focus is on providing solutions to properly sanitize Solid State Drives (SSD) and Magnetic Drives (HDD) before they are disposed or redeployed.

Beosin

Beosin

Beosin is a blockchain security company providing cybersecurity services including security audits, on-chain asset investigation, threat intelligence and wallet security.

PurpleSynapz

PurpleSynapz

PurpleSynapz provides hyper-realistic Cyber Security Training with a modern curriculum and Cyber Range.

Cyber Intelligence 4U

Cyber Intelligence 4U

Cyber Intelligence 4U is an educational services company that provides two levels of cybersecurity training programs: executive and technical.

Responsible Cyber

Responsible Cyber

Protect yourself with Responsible Cyber’s 360° platform, IMMUNE, arming you with comprehensive support for your business.

SecureStack

SecureStack

SecureStack helps software developers find security & scalability gaps in their web applications and offers ways to fix those gaps without forcing those developers to become security experts.

Secure Technology Integration Group (STIGroup)

Secure Technology Integration Group (STIGroup)

Secure Technology Integration Group, Ltd. (STIGroup) is an innovative firm that provides CyberSecurity consulting, secure IT engineering, managed security services, and human capital solutions.

Kainos

Kainos

Kainos is a leading provider of Digital Services and Platforms. Our services include Digital Transformation, Cyber Security, Cloud, AI, IoT and more.

JupiterOne

JupiterOne

JupiterOne is the security product that is changing how organizations manage and secure their software defined assets.

Yoti

Yoti

Yoti offer a suite of business solutions that span identity verification, age estimation, e-signing and AI anti-spoofing technologies.

Sec3

Sec3

Sec3 is a security and research firm providing bespoke audits and cutting edge tools to Web3 projects.

Geobridge

Geobridge

Geobridge was one of the first information security solutions providers to support cryptography and payment applications for payment processors, financial institutions and retail organizations.