April 15, 2024

Business and technology heavyweights will boost productivity through AI

  • New forum to drive adoption AI in the private sector
  • Business and AI leaders such as Google, Microsoft, Barclays and Vodafone present themselves as members
  • The first meeting of the Forum will be held in February

Members of the first group from the United Kingdom. AI The Opportunities Forum has been appointed today (Thursday, January 25), with the clear mission of driving the adoption of AI in the private sector.

Overseen by the Technology Secretary and the Prime Minister’s Special Adviser on Business and Investment, pioneer AI Companies will join forces with business leaders to provide their expertise and encourage adoption of AI across the private sector to boost productivity, drive innovation and generate growth in all areas of the economy.

The Forum will focus especially on the AI culture and skills of organizations in the UK, how they manage governance, technology awareness and risks, and the availability of data they can leverage – a crucial component in the use and development of AI.

Despite the importance of AI For companies that enjoy almost universal recognition, only one in ten organizations are currently fully prepared to implement the technology. The Forum will address this issue head-on by sharing best practices and identifying measures that organizations can take to improve their AI preparation.

It is based on the Prime Minister’s proposal AI Safety summit held at Bletchley Park which set the stage for building a global approach to ensuring safety and accountability AIas the pioneering UK launch of a new AI Security Institute.

The UK’s continued international collaborative efforts through the AI Security Institute and forums such as G7 Hiroshima AI Process, Global Partnership on AI (GPAI), he G20and the UN will continue to advance this conversation, ensuring that the entire global community can safely reap the benefits of AI adoption.

Prime Minister Rishi Sunak said:

We are on the cusp of a productivity revolution, one that has the potential to grow the economy in ways we have never seen before. That’s why it’s important that we do it right.

This forum is based on AI Security Summit: Putting the UK at the forefront of AI innovation to help us safely adopt AI in a way that benefits the British.

Technology Secretary Michelle Donelan said:

We want to see organizations across the UK harnessing the transformative power of AI to increase your productivity, unlock new opportunities and drive growth.

He AI Opportunity Forum brings together our brightest minds from the world of AI and companies to promote that effort.

AI It is developing at an incredible pace and we are acting in unison to ensure that businesses and employees in all sectors of our economy can take advantage of this generation-defining technology.

The Forum members who presented today represent a who’s who of both the industry and AI expertise. Co-chaired by Secretary of State Michelle Donelan and the Prime Minister’s business advisor Franck Petitgas, the Forum will also feature Microsoft and Google, as well as representatives from Quantexa, KPMG, Arm, Barclays, Vodafone, Universal Music Group and GSK.

the United Kingdom AI The sector already contributes £3.7bn to the UK economy and employs 50,000 people across the country and these figures will rise. As we have seen over the past century, our economy and labor market evolve with technology, and changes in technology create new industries and new jobs.

CEO Microsoft UK’s Clare Barclay said:

Speed ​​of AI Its adoption, supported by robust industry training programmes, will determine how successfully the UK embraces this generational change in the way we live and work.

He AI The Opportunities Forum will help accelerate the private sector transformation we need to compete and lead the global economy.

Google UK CEO Debbie Weinstein said:

We look forward to working alongside the government to ensure that British businesses are well equipped to reap the benefits of AI.

Google’s UK Economic Impact Report highlighted the magnitude of this opportunity, with forecasts showing that AIInnovation-driven innovation could create more than £400 billion in economic value for the UK economy by 2030.

Initiatives such as that of the Government AI The Opportunities Forum is key to unlocking the transformative potential of a technology that has the potential to boost productivity, boost creativity and drive technology-driven growth in a variety of sectors across the country.

Executive Director of GSKEmma Walmsley said:

We are very optimistic about the opportunities for positive impact of AInot only for GSK but for the UK’s short and long-term economic growth, innovation and skills development.

The UK has the potential and talent to exploit these transformative technologies, but faster adoption is key. This new forum brings together large and small companies with AI developers to develop practical ideas and support and we look forward to contributing.

Quantexa CEOVishal Marria said:

as a AI first technology company, Quantexa is delighted to participate in the AI Opportunity Forum, and proud to be part of this UK-based investment in innovation that positions the UK at the forefront of AI on the world stage.

We have been investing in AI since our inception, and is at the heart of Quantexa technology. But what we have seen over the last 12 months is that its adoption and impact are accelerating. We see AI as the biggest technological advance in generations and we are increasing our investment in AI because we know that this is going to transform the way organizations make decisions.

Understandably, there are concerns about the associated risks of AI. But, with the safe and ethical adoption of AI technology, there are huge opportunities for UK businesses across all industry sectors to accelerate productivity and growth.

Sage CEO Steve Hare said:

At Sage, we have been using AI take some time practical solutions to save time for small and medium-sized businesses. AI has the potential to improve UK productivity and simplify everyday tasks such as invoicing, managing late payments and managing tax and cash flow issues.

To make AI more effective and reliable, greater collaboration between the government and the technology sector is necessary to nurture the digital economy and ensure that SMEs adopt digital tools to reap the benefits of AI. He AI The Opportunities Forum is a step towards this goal, whose objective is to generate real opportunities AI Solutions for real businesses.

The government is also stepping up its plans to accelerate the implementation of AI throughout the public sector. Earlier this month, the Central Digital and Data Office published a new framework that will implement principles for government departments on the responsible use of Generative AI. Written in collaboration with industry, the framework also seeks to improve the skills of public officials through free generation. AI courses to ensure that public servants have a solid set of skills when working with AI.

The Forum will now hold its first meeting in February with further meetings to be held every two months.

Notes to editors

The full list of organizations joining the forum is:

  • Clare Barclay, CEO of Microsoft UK
  • Debbie Weinstein, CEO of Google UK and Ireland
  • Vishal Marria, CEO by Quantexa
  • Rene Haas, CEO of Arm
  • Bina Mehta, chairwoman of KPMG UK
  • Jennie Daly, CEO of Taylor Wimpey
  • Ken Murphy, CEO of Tesco Group
  • C.S. Venkatakrishnan, CEO of Barclays Group
  • Greg Jackson, CEO of the energy of the octopus
  • Margherita Della Valle, CEO of Vodafone
  • Emma Walmsley CEO of GSK
  • Lucian Grainge CBE, Chairman and CEO of Universal Music Group
  • Steve Hare, CEO of Sage
  • Jack Hidary, CEO of SandboxAQ
  • Edward Braham, Chairman of M&G
  • Simon Patterson, CEO of Silver Lake
  • Laura Cameron, managing partner of Pinsent Masons

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