The UK will invest in a huge expansion of government-owned AI computing capacity over five years including building a new supercomputer as it seeks to establish a globally competitive artificial intelligence sector, ministers will announce today.
FT 13th January, 2025
That can be a catalyst for the collaboration needed between insurers, The Government and Cabinet Office, institutions and insurtechs to meet unmet needs across personal and commercial lines of insurance cover.
AI technologies, both analytical and generative, data , data centres, cloud infrastructures and sovereign computer power are all a part of the infrastructure vital to support effective growth strategies.
Combatting climate change and the increased frequency and severity of CAT events in the UK, mainland Europe, the Americas, and APAC needs collaboration and action. The UK's prominent role in global insurance will be maintained by innovation and investment by the private and public sectors.
Effective focus and action on leveraging our strengths is a good bet for HMG and the insurance industry..
Among the accepted recommendations by the government are: the creation of AI “growth zones”, areas of the UK with accelerated access to planning approvals to build out AI infrastructure; and an AI Energy Council, to advise on requirements around energy resources for AI, including nuclear energy. Tech experts, including Clifford, have argued that sovereign compute capacity is essential to ensure that British AI companies and researchers can become less dependent on AI businesses in other countries.
https://www.ft.com/content/3df56e38-357c-495f-b81b-d11dcfe3055f
