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☆ Siemens loses London lawsuit over 2 bln stg HS2 contract
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] A HS2 high-speed rail logo is displayed on a fence surrounding a construction site at Euston in London, Britain, July 30, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing RightsLONDON, Nov 6 (Reuters) - Siemens (SIEGn.DE) on Monday lost a legal challenge over a 2 billion pound ($2.48 billion) contract to build a fleet of new trains for Britain's beleaguered HS2 high-speed rail project. HS2 said the contract, which includes a 12-year maintenance and services deal, was worth around 2 billion pounds when it was awarded. But Judge Finola O'Farrell dismissed Siemens' case on Monday, saying in a written ruling that Siemens had not established the contract was awarded unlawfully and the company was therefore "not entitled to any damages". Monday's ruling is a rare piece of good news for the controversial HS2 project, which was originally planned to link London to the north of England from 2026.

Persons: Hollie Adams, HS2, Finola O'Farrell, Rishi Sunak, Sam Tobin, Kirsten Donovan Organizations: REUTERS, Siemens, Siemens Mobility, HS2, Bombardier Transportation, France's Alstom, Hitachi, Alstom, British, Thomson Locations: Euston, London, Britain, England, Manchester, Birmingham

☆ A 'once-in-a-generation' market opportunity thanks to some unfamiliar names
▼ + stars: | 2023-11-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why the market might be on the cusp of a once-in-a-generation investing moment (but not with the names you're familiar with). The big storyUnder the radarA trader looks at market charts on the floor of the New York Stock Exchange on January 18, 2023. Angela Weiss/AFP/Getty ImagesWhen it comes to the stock market, the real value is in the crumbs. AdvertisementAdvertisementThe former chief investment strategist at Merrill Lynch views the chance to get in on less-glamorous stocks as a "once-in-a-generation" opportunity. The end of the AI market boon.

Persons: —, Stanley, Angela Weiss, Richard Bernstein, Merrill Lynch, Insider's Jennifer Sor, Bernstein, Jennifer, Brendan McDermid, Fundstrat's Tom Lee, Charlie Munger, Warren Buffett's, Munger, there's, Berkshire Hathaway, Bill Smead, Smead, Kendrick Lamar's, Rishi Sunak, Linda Yaccarino, Hitler, Elon Musk, carles miro, Getty, Tyler Le, Gen Zers, Zers, Donald Trump, OpenAI, OpenAI DevDay, Adolphe Sax, Martha Stewart, Lexie Moreland, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, New York Stock Exchange, Getty, Bank of America, REUTERS, Elon, AI, Trump, Trump Organization, OpenAI Locations: Victoria, New York City, San Diego, London, New York

☆ Elon Musk Says His New AI Bot ‘Grok’ Will Have Sarcasm and Access to X Information
▼ + stars: | 2023-11-04 | by ( Jason Dean | ) www.wsj.com time to read: 1 min

U.K. Prime Minister Rishi Sunak and billionaire Elon Musk discussed a wide range of topics, from China to the implications of rogue robots, during an event at the UK’s first major summit on artificial intelligence safety. Photo: Tolga Akmen/Press PoolElon Musk gave a glimpse of his artificial-intelligence startup’s first product: a bot named Grok whose sense of humor he demonstrated with jokes about Sam Bankman-Fried and how to make cocaine. Musk, with a series of posts late Friday on X, included what he indicated were sample responses from Grok as he boasted that it will have a sarcastic sense of humor and the advantage of access to information via X, the platform formerly known as Twitter that he bought just over a year ago. He said Grok would begin limited testing on Saturday to a select group, and, after early beta testing, be made available to X’s Premium+ subscribers.

Persons: Rishi Sunak, Elon Musk, Tolga, Sam Bankman, Grok Organizations: Elon Locations: China

☆ Elon Musk and Rishi Sunak chat China, killer robots and the meaning of life
▼ + stars: | 2023-11-03 | by ( Alistair Smout | ) www.reuters.com time to read: +3 min

Musk backed China's inclusion in the first AI Safety Summit, hosted at Bletchley Park, England, which has drawn leading companies and nations together to agree initial steps on how to manage the risks of cutting-edge AI models. Musk, who was in May given royal-like treatment during a visit to China, welcomed that Beijing had participated in AI safety talks at the event. Britain's Prime Minister Rishi Sunak attends an in-conversation event with Tesla and SpaceX's CEO Elon Musk in London, Britain, Thursday, Nov. 2, 2023. Kirsty Wigglesworth/Pool via REUTERS Acquire Licensing Rights"We very much have a tax system that supports that," Sunak said. Reporting by Alistair Smout; Writing by William James; Editing by Paul Sandle and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Billionaire Elon Musk, Rishi Sunak, Musk, they're, Sunak, Tesla, Elon Musk, Kirsty Wigglesworth, Alistair Smout, William James, Paul Sandle, Jamie Freed Organizations: Billionaire, British, Safety, Bletchley, Britain, SpaceX, Britain's, REUTERS Acquire, Thomson Locations: Beijing, Britain, United States, London, Bletchley Park, England, China, London's

☆ Tech Giants Spend Billions on AI Startups—and Get Just as Much Back
▼ + stars: | 2023-11-03 | by ( Berber Jin | Tom Dotan | ) www.wsj.com time to read: 1 min

U.K. Prime Minister Rishi Sunak and billionaire Elon Musk discussed a wide range of topics, from China to the implications of rogue robots, during an event at the UK’s first major summit on artificial intelligence safety. Photo: Tolga Akmen/Press PoolAmazon , Google and Microsoft have spent the past year investing billions of dollars in artificial-intelligence startups—while also charging those fledgling companies a similar amount to use their cloud platforms. The deals are making the big tech firms the largest backers and most direct beneficiaries of these startups, reflecting how some of the AI boom’s biggest rewards keep going to the most powerful players. The value of the tech giants’ stakes could shoot up if the startups take off. And if not, they still will have turned chunks of cash into revenue.

Persons: Rishi Sunak, Elon Musk, Tolga Organizations: Google, Microsoft Locations: China

British Prime Minister Rishi Sunak attends an in-conversation event with Tesla and SpaceX's CEO Elon Musk in London, Britain, Thursday, Nov. 2, 2023. Risks around rapidly-developing AI have been an increasingly high priority for policymakers since Microsoft-backed Open AI (MSFT.O) released ChatGPT to the public last year. "It was fascinating that just as we announced our AI safety institute, the Americans announced theirs," said attendee Nigel Toon, CEO of British AI firm Graphcore. China’s vice minister of science and technology said the country was willing to work with all sides on AI governance. Yoshua Bengio, an AI pioneer appointed to lead a "state of the science" report commissioned as part of the Bletchley Declaration, told Reuters the risks of open-source AI were a high priority.

Persons: Rishi Sunak, Tesla, Elon Musk, Kirsty Wigglesworth, Sam Altman, Kamala Harris, Ursula von der Leyen, China –, Sunak, Finance Bruno Le Maire, Vera Jourova, Jourova, Harris, Nigel Toon, Wu Zhaohui, Musk, you’ve, Martin Coulter, Paul Sandle, Matt Scuffham, Louise Heavens Organizations: British, Elon, U.S, European Commission, Microsoft, of, Finance, EU, Reuters, Thomson Locations: London, Britain, China, Bletchley, U.S, South Korea, France, United States

☆ Musk's xAI set to launch first AI model to select group
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

Tesla and SpaceX's CEO Elon Musk pauses during an in-conversation event with British Prime Minister Rishi Sunak in London, Britain, Thursday, Nov. 2, 2023. Kirsty Wigglesworth/Pool via REUTERS Acquire Licensing RightsNov 3 (Reuters) - Elon Musk's artificial intelligence startup xAI will release its first AI model to a select group on Saturday, the billionaire and Tesla (TSLA.O) CEO said on Friday. The team behind xAI, which launched in July this year, comes from Google's DeepMind, the Windows parent, and other top AI research firms. Though Musk-owned X, the social media firm formerly known as Twitter, and xAI are separate, the companies work closely together. Larry Ellison, co-founder of Oracle (ORCL.N) and a self-described close friend of Musk, said in September that xAI had signed a contract to train its AI model on Oracle's cloud.

Persons: Tesla, Elon Musk, Rishi Sunak, Kirsty Wigglesworth, OpenAI's ChatGPT, Google's, Bard, Microsoft's, Bing, Google's DeepMind, XAI, Larry Ellison, Musk, xAI, Akash Sriram, Shinjini Organizations: British, REUTERS Acquire, Elon, Twitter, Oracle, Thomson Locations: London, Britain, Bengaluru

☆ China and Rogue Robots: Elon Musk and Rishi Sunak Discuss AI
▼ + stars: | 2023-11-03 | by ( ) www.wsj.com time to read: 1 min

Is generative AI flaming out? What to expect in 2024Generative AI has been all the rage in 2023, as tools like ChatGPT and Dall-E became popular. But what will this space look like in 2024? One research analyst provides insight.

☆ Elon Musk says China is willing to participate in AI safety
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk says China is willing to participate in AI safetyTesla CEO Elon Musk speaks to the United Kingdom's Prime Minister Rishi Sunak at the U.K. AI summit on concerns surrounding AI safety risks.

Persons: Elon Musk, Rishi Sunak Organizations: United Kingdom's Locations: China

☆ British PM Sunak discusses free trade deal in call with India's Modi
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: 1 min

LONDON, Nov 3 (Reuters) - British Prime Minister Rishi Sunak on Friday agreed with his Indian counterpart Narendra Modi on the importance of securing an "ambitious" trade deal, as talks continue over a deal which could be finalised this year. "The leaders discussed recent progress on Free Trade Agreement negotiations. They agreed on the importance of securing an ambitious deal that benefited both sides," a spokeswoman for Sunak's office said in a readout following the call with Modi. Reporting by Alistair Smout; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Rishi Sunak, Narendra Modi, Modi, Alistair Smout, Alison Williams Organizations: British, Free, Thomson

☆ Elon Musk says there's a 'not zero' chance of AI being a force for bad
▼ + stars: | 2023-11-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Elon Musk thinks AI would most likely be a force for good — but there's a 20% chance the tech could go bad. AdvertisementAdvertisementElon Musk thinks AI can mostly do positive things for humankind — but he is also saying there's a non-zero chance of the tech being a force for bad. "AI will be a force for good most likely," Musk said in a discussion with British Prime Minister Rishi Sunak on Thursday. Musk — the wealthiest person on the planet with an estimated fortune of $208 billion — thinks AI is likely to be 80% good and 20% bad. The billionaire, who cofounded OpenAI, the company behind ChatGPT chatbot, launched xAI, a new AI company, in July.

Persons: Elon Musk, Sunak, —, Elon, Musk, Rishi Sunak, OpenAI, ChatGPT chatbot Organizations: Service, British, SpaceX

☆ Elon Musk says AI means eventually no one will need to work
▼ + stars: | 2023-11-03 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

UK Prime Minister Rishi Sunak and Elon Musk chatted about AI at the close of the UK's AI Safety Summit. Musk said advances in AI will lead to a world where "no job is needed." Musk also suggested we'll have "universal high income" instead of just universal basic income. AdvertisementAdvertisementPeople may be fretting about how the coming AI job apocalypse will impact them , but Elon Musk has a pretty utopian view of how AI will reshape the labor market. Musk has been outspoken about the need to regulate AI and was among the list of tech execs and AI researchers who signed an open letter calling for a pause on AI development .

Persons: Rishi Sunak, Musk, —, Elon Musk, Sunak Organizations: Elon, Safety, Service

☆ Magic genies, killer robots and AI friends – all the best quotes from Elon Musk's chat with Rishi Sunak in London
▼ + stars: | 2023-11-03 | by ( Polly Thompson | ) www.businessinsider.com time to read: +5 min

British prime minister Rishi Sunak interviewed Elon Musk on Thursday after an AI Safety Summit. In their 51-minute chat, Musk said AI would be "the most disruptive force in history." AdvertisementAdvertisementElon Musk was interviewed by UK prime minister Rishi Sunak on Thursday night after the Tesla CEO attended an AI safety summit in England this week. The summit at Bletchley Park brought tech bosses, experts, and national representatives together to tackle AI safety issues and discuss international cooperation. AdvertisementAdvertisementHe complimented Sunak for inviting China, calling its involvement in AI safety discussions "essential."

Persons: Rishi Sunak, Elon Musk, Musk, —, they're, Sunak, here's, Musk's, there's, workaholic, Sunak's Organizations: Safety, Service, SpaceX, Tesla, Journalists Locations: China, England, Bletchley, Lancaster, United States

China's delegate to the meeting, Vice Minister of Science and Technology Wu Zhaohui, was present on Thursday, his ministry said on Friday. The Chinese technology ministry declined to say why China did not agree to the proposal, which was about AI model testing. British Prime Minister Rishi Sunak chaired Thursday's meeting that comprised "a small group of like-minded senior representatives from governments around the world", Britain said, including the U.S. vice president and the EC president. Some British lawmakers had criticised China's participation in the inaugural AI summit. Sunak told reporters: "Some said we shouldn't even invite China, others said we would never get an agreement with them.

Persons: Ursula von der Leyen, Kamala Harris, Rishi Sunak, Giorgia Meloni, Antonio Guterres, Yoshua Bengio, Mila, Microsoft Brad, Technology Wu Zhaohui, Wu, Oliver Dowden, Sunak, Paul Sandle, Brenda Goh, Alistair Smout, Cynthia Osterman Organizations: Italy's, UN, Quebec AI Institute, Microsoft, Safety, Science, Technology, Bloomberg, U.S, European Union, Thomson Locations: British, SHANGHAI, LONDON, China, Britain, Beijing, Bletchley Park, England, United States, Bletchley, London, Shanghai

☆ Bank of England downgrades UK economic forecasts, holds interest rates
▼ + stars: | 2023-11-02 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —The Bank of England downgraded its forecasts for UK economic growth Thursday and kept interest rates unchanged, even as it warned that the Israel-Hamas war could push up energy prices and inflation won’t return to target for another two years. “There are increasing signs that higher interest rates are weighing on economic activity and we see that in weaker activity data and in a range of business surveys,” Governor Andrew Bailey told reporters. Inflation is still too high,” Bailey said, also pointing to the risk that the Israel-Hamas war could lift energy prices. “We will keep interest rates high enough for long enough to make sure we get inflation all the way back to the 2% target,” he added. Inflation still a concernThe Bank of England expects inflation to continue easing, but warned of risks to that outlook.

Persons: Andrew Bailey, ” Bailey, “, Rishi Sunak, Bailey, ”, Martin Beck Organizations: London CNN —, Bank of England, The, Federal Reserve, European Central Bank, of England, Office, National Statistics, The Bank of England, UK Locations: Israel, United Kingdom

☆ The UK AI summit's narrow focus on safety and existential risk means the real issues are being ignored, an AI ethicist says
▼ + stars: | 2023-11-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

The UK's AI safety summit kicks off on Wednesday. Several groups have criticized the UK government's focus on the existential risks of AI. AdvertisementAdvertisementThe UK's AI safety summit kicked off on Wednesday, but the event is already surrounded by criticism. Hickok is not the only one to raise concerns about the current rhetoric around AI safety. "The UK should not let the AI safety agenda displace the AI fairness agenda," she said.

Persons: —, Merve Hickok, AGI, Hickok, Rishi Sunak Organizations: Service, Center, AI, Policy

☆ Elon Musk Discusses Perils and Benefits of A.I. With Rishi Sunak
▼ + stars: | 2023-11-02 | by ( Adam Satariano | More About Adam Satariano | ) www.nytimes.com time to read: +2 min

Mr. Sunak said he believed A.I. While he encounters many voters worried about automation and job losses, Mr. Sunak said he believed A.I. By contrast, Mr. Musk, known for predawn social media posts and deliberately provocative statements, appears to thrive more in a state of improvisation and chaos. Mr. Musk has faced criticism for, among other things, allowing racist, antisemitic and hateful speech to thrive on X since he bought the platform last year. Mr. Musk, whose companies include Tesla and SpaceX, in addition to X, was perhaps the biggest name in attendance.

Persons: Sunak, Goldman Sachs, Boris Johnson, Liz Truss, Musk, Sunak’s Organizations: Conservative Party, Stanford University, Bletchley, A.I, SpaceX Locations: Silicon Valley, Britain

☆ Bank of England set to keep rates at 15-year high despite slowdown signs
▼ + stars: | 2023-11-02 | by ( William Schomberg | ) www.reuters.com time to read: +3 min

The BoE's Monetary Policy Committee is facing an inflation rate more than double that of the euro zone and almost twice the U.S. rate. It voted by only a narrow 5-4 margin in September to halt its run of increases in borrowing costs. But signs of a slowdown in much of the British economy have become clearer since then and some economists say a recession might already be under way. The central bank said in its last set of economic forecasts in August that inflation would only return to 2% in the second quarter of 2025. But Bailey and his MPC colleagues are likely to reiterate that they are ready to raise rates higher if needed.

Persons: BoE, Mike Riddell, Riddell, Andrew Bailey, Bailey, Rishi Sunak, Sunak, Jeremy Hunt, Hunt, William Schomberg, Catherine Evans Organizations: Bank of England, European Central Bank, U.S . Federal Reserve, Allianz Global Investors, BoE, MPC, Conservative Party, Thomson Locations: U.S

Sunak organized the first-ever AI Safety Summit as a forum for officials, experts and the tech industry to better understand “frontier” AI that some scientists warn could pose a risk to humanity’s very existence. Sunak has said that the U.K.'s approach should not be to rush into regulation but to fully understand AI first. Political Cartoons View All 1230 ImagesShe announced a new U.S. AI safety institute to draw up standards for testing AI models for public use. Sunak had proposed his own AI safety institute, with a similar role, days earlier. Musk is among tech executives who have warned that AI could pose a risk to humanity's future.

Persons: Kamala Harris, Rishi Sunak, Sunak, “, Harris, Antonio Guterres, Ursula von der Leyen, He's, Elon Musk, Musk, ” Musk, ” Sunak Organizations: — U.S, British, Safety, United Nations, European Union, U.S Locations: BLETCHLEY, England, London, China, South Korea, France, U.S, United Nations

☆ Tesla boss Elon Musk says AI will create situation where no job is needed
▼ + stars: | 2023-11-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Elon Musk, chief executive officer of Tesla Inc., at the AI Safety Summit 2023 at Bletchley Park in Bletchley, UK, on Wednesday, Nov. 1, 2023. LONDON — Elon Musk thinks that artificial intelligence could eventually put everyone out of a job. "It's hard to say exactly what that moment is, but there will come a point where no job is needed," Musk continued, speaking alongside British Prime Minister Rishi Sunak. "You can have a job if you wanted to have a job for personal satisfaction. "I don't know if that makes people comfortable or uncomfortable," Musk joked, to which the audience laughed.

Persons: Elon Musk, Musk, Rishi Sunak Organizations: Tesla Inc, AI, Bletchley, LONDON, SpaceX, Twitter, Lancaster House, British Locations: Bletchley, UK

☆ Elon Musk and Britain’s PM Rishi Sunak discuss AI’s risks and rewards
▼ + stars: | 2023-11-02 | by ( Manav Tanneeru | Jennifer Korn | ) edition.cnn.com time to read: +7 min

“I’m glad to see at this point that people are taking AI seriously,” Musk said to Sunak on Thursday. Musk and world leadersMusk’s conversation with Sunak is one of numerous chats with world leaders the SpaceX and Tesla CEO has joined in the past few months. Musk met with Israeli Prime Minister Benjamin Netanyahu in September, weeks before the outbreak of the Israel-Hamas war. Other big names that recently made time for Musk in their schedule include Italian Prime Minister Giorgia Meloni in June, Indian Prime Minister Narendra Modi in June and Turkish President Recep Tayyip Erdogan in September. Sunak and Musk discussed how digital super-intelligence could affect the public and require regulation the same way industries such as aviation and cars require regulation.

Persons: CNN — Elon, Rishi Sunak, ” Musk, Musk, Kamala Harris, Sam Altman, “ I’m, Sunak, Goldman Sachs, Benjamin Netanyahu, Netanyahu, Emmanuel Macron, Giorgia Meloni, Narendra Modi, Recep Tayyip Erdogan, “, Communications Shlomo Karhi, ”, ” Karhi, Alexandria Ocasio, Cortez, Walter Isaacson’s, Elon Musk, Isaacson, , Luke McGee, Ivana Kottasová, Sean Lyngaas Organizations: CNN, British, Safety, Lancaster House, Allied Forces codebreaking, US, Winchester College , Oxford, Stanford, European Union, SpaceX, Tesla, Israeli, Twitter, Defamation League, Italian, Indian, Communications, Hamas, US Democratic Rep, Russian Locations: London, Bletchley, Israel, United States, China, Gaza, Alexandria, Cortez, Crimean, Ukrainian, Sevastopol, Russia, Crimea, Korea, France

So-called frontier AI refers to the latest and most powerful systems that take the technology right up to its limits, but could come with as-yet-unknown dangers. Tesla CEO Elon Musk is also scheduled to discuss AI with Sunak in a livestreamed conversation on Thursday night. One of Sunak’s major goals is to get delegates to agree on a first-ever communique about the nature of AI risks. However, in the same speech, he also urged against rushing to regulate AI technology, saying it needs to be fully understood first. A White House official gave details of Harris’s speech, speaking on condition of anonymity to discuss her remarks in advance.

Persons: Google's Bard, Rishi Sunak's, Kamala Harris, who’s, Elon Musk, Ursula von der Leyen, Yoshua, Sunak, Harris, Biden’s, Jill Lawless Organizations: —, British, Safety, U.S, White, Associated Locations: BLETCHLEY, England, London, China, Bletchley

☆ Britain publishes 'Bletchley Declaration' on AI safety
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Ian Hogarth, chair of the UK frontier AI taskforce, speaks on Day 1 of the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. The UK Government are hosting the AI Safety Summit bringing together international governments, leading AI companies, civil society groups and experts in research to consider the... Acquire Licensing Rights Read moreLONDON, Nov 1 (Reuters) - Britain on Wednesday published a "Bletchley Declaration", agreed with countries including the United States and China, aimed at boosting global efforts to cooperate on artificial intelligence (AI) safety. The declaration, by 28 countries and the European Union, was published on the opening day of the AI Safety Summit hosted at Bletchley Park, central England. The declaration encouraged transparency and accountability from actors developing frontier AI technology on their plans to measure, monitor and mitigate potentially harmful capabilities. "This includes, alongside increased transparency by private actors developing frontier AI capabilities, appropriate evaluation metrics, tools for safety testing, and developing relevant public sector capability and scientific research," the declaration said.

Persons: Ian Hogarth, Rishi Sunak, William James, Farouq Suleiman, Sachin Ravikumar Organizations: AI, Bletchley, Government, European Union, Thomson Locations: Bletchley, Britain, United States, China, England

☆ Everything you're hearing right now about AI wiping out humans is a big con
▼ + stars: | 2023-11-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Many are shrugging off the supposed existential risks of AI, labeling them a distraction. They argue big tech companies are using the fears to protect their own interests. The timing of the pushback, ahead of the UK's AI safety summit and following Biden's recent executive order on AI, is also significant. More experts are warning that governments' preoccupation with the existential risks of AI is taking priority over the more immediate threats. Merve Hickok, the president of the Center for AI and Digital Policy, raised similar concerns about the UK AI safety summit's emphasis on existential risk.

Persons: —, You've, there's, Yann LeCun, Altman, Hassabis, LeCun, LeCun's, OpenAI's Sam Altman, Anthropic's Dario Amodei, Andrew Ng, hasn't, Anthropic, Aidan Gomez, Merve Hickok, Hickok, Rishi Sunak, Michelle Donelan Organizations: Service, Google, CNBC, Stanford University, Australian Financial, Guardian, Center, AI

☆ Britain to invest 300 million pounds in AI supercomputing
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

British Prime Minister Rishi Sunak delivers a speech on AI at Royal Society, Carlton House Terrace on October 26, 2023 in London, England. Funding for the "AI Research Resource" will be increased to 300 million pounds ($363.57 million) from a previously announced 100 million pounds, the government said at an AI safety summit aimed at charting a safe way forward for the rapidly evolving technology. "Frontier AI models are becoming exponentially more powerful," British Prime Minister Rishi Sunak said on social media platform X. "This investment will make sure Britain’s scientific talent have the tools they need to make the most advanced models of AI safe." The machines, which will be running from summer next year, will be used to analyse advanced AI models to test safety features, as well as to drive breakthroughs in drug discovery and clean energy, the government said.

Persons: Rishi Sunak, Peter Nicholls, Bristol's, Kylie MacLellan, Kirsten Donovan Organizations: British, Royal Society, Carlton, Terrace, REUTERS, Nvidia, Hewlett Packard Enterprise, Dell, SME, Thomson Locations: London, England, Britain, Cambridge, Bristol

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