The UK will splash an initial in funding to establish a government-industry AI taskforce, dedicated to boosting the sovereignty and competitiveness in the field. The will develop foundation models — systems that train on large amounts of data such as ChatGPT and Google Bard — with the aim to benefit from their applications in public services and across the UK economy. According to the government, the technology is estimated to contribute billions of pounds to the GDP, which based on the predictions of the International Monetary Fund (IMF) is expected to drop by 0.3% this year.…This story continues at The Next Web