britain banks on robots ai to boost growth
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Britain banks on robots, AI to boost growth

Arab Today, arab today

Arab Today, arab today Britain banks on robots, AI to boost growth

The LATRO , a robot
London - Arab Today

Britain is betting that the rise of the machines will boost the economy as the country exits the European Union.

As part of its strategy to champion specific industries, the UK government said in a statement on Sunday that it would invest 17.3 million pounds ($21.6 million) in university research on robotics and artificial intelligence

The government cited an estimate from consultancy Accenture that AI could add 654 billion pounds to the U.K. economy by 2035.

“We are already pioneers in today’s artificial intelligence revolution and the digital strategy will build on our strengths to make sure U.K.-based scientists, researchers and entrepreneurs continue to be at the forefront,” Culture Secretary Karen Bradley said in the statement, which referenced AI’s contribution to smartphone voice and touch recognition technologies.

The announcement is part of U.K. Prime Minister Theresa May’s plan to identify industries worth supporting to help transform the economy and boost productivity. The government has said it intends to target areas where it thinks the U.K. could excel in the future, including biotechnology and mobile networking.

The U.K.’s digital strategy proposal, set to be unveiled on Wednesday, also includes a review of AI to determine how the government and industry can provide further support.

“Investment in robotics and artificial intelligence will help make our economy more competitive, build on our world-leading reputation in these cutting-edge sectors and help us create new products, develop more innovative services and establish better ways of doing business,” Business Secretary Greg Clark said in the statement.

Source :Times Of Oman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

britain banks on robots ai to boost growth britain banks on robots ai to boost growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

britain banks on robots ai to boost growth britain banks on robots ai to boost growth

 



GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 00:49 2017 Tuesday ,28 February

New vehicle scanner to ease Oman border rush

GMT 10:50 2018 Monday ,08 January

L'anza unveils sprayable styling paste Airpaste

GMT 16:40 2012 Monday ,20 February

New Ferrari Enzo

GMT 13:47 2013 Friday ,22 March

FM: Greece takeover process of Cypriot banks

GMT 19:13 2017 Monday ,16 October

6 wounded in USA oil rig blaze near New Orleans

GMT 16:34 2016 Sunday ,25 September

Pakistani air force jet crashes, killing pilot

GMT 20:53 2017 Wednesday ,14 June

Media council abandon complaint against writer

GMT 20:59 2017 Tuesday ,31 October

IMF official says Egypt's economy

GMT 15:19 2017 Wednesday ,29 November

Five things to watch out for in 2018

GMT 02:04 2017 Saturday ,18 November

To solve N.Ireland border issue

GMT 03:18 2017 Sunday ,05 November

Curva rebrands as FROW Magazine

GMT 22:16 2018 Wednesday ,17 January

GCC Chief meets UN Envoy to Yemen

GMT 13:05 2011 Thursday ,23 June

Irish Derby to be bigger and exciting
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday