Cisco reveals $100m investment in UK AI
Investment includes partnership
with UCL for new AI research center.........
Cisco has announced a major
investment into the UK's AI scene.
The networking giant has revealed
a $100m (£77m) commitment that includes a new partnership with University
College London (UCL) aimed at creating one of the world's largest AI research centers.
The facility will house between
200 and 250 masters students and researchers looking to take on some of the
biggest AI industry challenges, as well as continue Cisco's 30-year
relationship with UCL.
“It’s wonderful to renew our
partnership with Cisco and work together to upskill the UK in machine learning
and artificial intelligence,” said UCL provost Professor Michael Arthur. “I’m
particularly looking forward to opening the new AI Centre in the coming months
to position us as a sector leader in computer science.”
Cisco UK AI investment.....
AI is forecast to add an
estimated £630bn to the UK economy by 2035, and the launch has the support of
the Prime Minister, who after meeting Cisco CEO Chuck Robbins, called the
announcement, "welcome news"
"Developments like this will
help with our ambition to put the UK at the forefront of the AI and data
revolution,” she added.
The launch forms part of Cisco's
Country Digital Acceleration for the UK, as it looks to support the growing
digitalisation across the nation.
Alongside the new UCL facility,
Cisco is also launching a digital inclusion program for the elderly, and
supporting green energy and transport projects.
“Technology is permeating
everything we do, not only opening up new markets, but creating more opportunities
for individuals, businesses, and countries," said Chuck Robbins, Chairman
and CEO, Cisco.
"Cisco is committed to
driving innovation in the UK and to our continued partnership with the UK
government through our Country Digital Acceleration programme. We believe that
the UK’s expertise in AI and its commitment to making sure future innovators
have the right digital skills will help ensure the nation’s citizens are
well-positioned to capture the opportunity ahead.”
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