TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
TheFinanceStory
No Result
View All Result
  • Login
  • Register
  TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
The finance story
No Result
View All Result
  • Login
  • Register
The Finance Story
No Result
View All Result

UK will appoint headhunters to recruit top global AI talent

Keir Starmer aims to make the UK a global leader in artificial intelligence, hoping to boost the country's struggling economy. His administration estimates that AI could add £47 billion ($57 billion) to the UK economy annually over the next decade.

The Finance Story by The Finance Story
Published date: 14th January, 2025
Last edited date: 30th January, 2025
SHARE (0)
Keir Starmer aims to make the UK a global leader in artificial intelligence, hoping to boost the country's struggling economy. His administration estimates that AI could add £47 billion ($57 billion) to the UK economy annually over the next decade.
Share on FacebookShare on Twitter
  • Prime Minister Keir Starmer aims to make the UK a global leader in artificial intelligence, hoping to boost the country’s struggling economy.
  • His administration estimates that AI could add £47 billion ($57 billion) to the UK economy annually over the next decade.
  • Three tech companies – Vantage Data Centres, Nscale, and Kyndryl – have pledged to invest £14 billion in AI in the UK, creating over 13,000 jobs.

UK AI opportunities action plan

  • The UK government has introduced a new action plan to enhance its role in AI development.
  • Plan includes 50 recommendations by tech investor Matt Clifford.
  • Recommendations have been endorsed by PM Keir Starmer.

Here are the key points:

Sovereign AI Development: The UK aims to build its own AI models, with plans for a significant increase in public AI computing power by 2030, including a new supercomputer.

A national data library will be created to provide key datasets, balancing privacy and ethics.

Also, a cultural data library from institutions like the BBC is planned, with potential commercial use.

Private Sector Growth: The government will establish “AI growth zones” with streamlined processes for data centres and clean energy.

A headhunting unit will recruit top global AI talent, and new visa policies will help tech startups attract non-UK workers.

Sector champions will promote AI adoption in industries like banking and the creative sector.

A body called “UK Sovereign AI” will support entrepreneurs to create leading AI companies.

AI in Public Services: AI will be used by the public sector to enable its workers to spend less time doing admin and more time delivering services.

For instance: AI will help find potholes by using cameras across the country.

Teachers and small business owners can use AI to make planning and record-keeping easier.

Energy and AI: Recognizing AI’s energy demands, the government will use clean energy in AI growth zones.

UK will establish an AI energy council to promote renewable energy and small nuclear reactors for data centres.

AI and Copyright: The plan suggests updating the UK’s copyright rules to compete with the EU. It would let AI firms use copyrighted material, with an opt-out option for copyright holders. This proposal has been criticized by the creative industry.

Also read: AI-agent for “Accountants” backed By Khosla Ventures raises $34Mn

Ongoing concerns…

Cabinet Office minister Pat McFadden said, “We’ve got to have an eye on safety as well as opportunity.”

In 2024, AI became a major focus, as leading companies introduced their own large language models (LLMs).

However, the rapid adoption of AI has sparked concerns about the need for regulation.

In response to the opportunities and risks posed by AI, an advisory body appointed by the UN Secretary-General has recommended the establishment of a global AI authority.

The Finance Story

The Finance Story

Next Post
KPMG India promotes Sunil Badala as Head of Tax

KPMG India promotes Sunil Badala as Head of Tax

Start conversation Cancel reply

Your email address will not be published. Required fields are marked *

The Finance Story

The Finance Story empowers finance professionals—CFOs, consultants, accountants, tax experts, and bankers—to navigate critical market shifts, industry disruptions, and emerging technologies & trends.

How? We spotlight key opportunities in India and globally, equipping finance professionals with the insights and strategies to drive business growth, optimize decision-making, and position their companies at the forefront

Quick Links

  • Finance
  • Partners
  • Privacy and Policy
  • Terms of use

Follow us

  • /TheFinanceStory
  • @TheFinanceStory
  • /TheFinanceStory
  • @thefinancestory_com
  • TheFinanceStory

© 2022. The Finance Story. All Rights Reserved.

No Result
View All Result
  • TFS Gulf
  • Entrepreneur Story
  • Finance Leaders
  • Videos
  • Login
  • Sign Up

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Continue Reading

Create an account to read the full story

Get instant access to all premium articles by signing in with your account.

Sign in with Google Sign in with WordPress
By signing in, you agree to our Terms of Service
We use cookies to personalize your experience. By continuing to visit this website you agree to our use of cookies.
Book 1:1 call with industry expert