The UK intends to invest more than 100 million pounds ($125 million) in artificial intelligence (AI) research and training. In line with plans unveiled on Tuesday, the government would establish nine new AI research hubs around the United Kingdom, fund studies looking into the ethical application of AI in the creative, policing, and educational sectors, and provide regulators with training on how to balance the advantages and disadvantages of the technology. 

Artificial Intelligence (AI) can "transform our public services and the economy for the better," according to Secretary of State Michelle Donelan, who is also responsible for producing therapies for ailments like dementia and cancer.

"While AI is progressing quickly, humans are capable of keeping up with it as well," We have started to grasp the risks right away by adopting an agile, industry-specific approach, and this is subsequently making the UK one of the first nations in the world to profit securely from AI," Donelan said in a statement.

The decision follows the UK's establishment of the first AI safety center in history and the hosting of a worldwide summit wherein over 25 nations signed the so-called Bletchley Declaration, which acknowledged the technology's risks of "serious, even catastrophic, harm."

With the justification that only governments have the "power and legitimacy to keep their people safe," UK Prime Minister Rishi Sunak has attempted to establish his nation as a pioneer in AI regulation. Leaders in the AI space, such as Microsoft, Google, and Amazon, expressed their approval of the government's declaration.

Lila Ibrahim, the chief operating officer of Google DeepMind, stated, "I'm particularly supportive of the commitment to support regulators with further resources. The hub and spoke model will help the UK benefit from the domain expertise of regulators, as well as provide clarity to the AI ecosystem."

"We look forward to working with the government to ensure that the UK can continue to be a global leader in AI research and set the standard for good regulation. AI represents an opportunity to drive progress for humanity."