Britain banks on robots, AI to boost growth


  • TECH
  • Monday, 27 Feb 2017

Union flags fly near the The Elizabeth Tower, commonly known Big Ben, and the Houses of Parliament in London on February 1, 2017. British MPs are expected Wednesday to approve the first stage of a bill empowering Prime Minister Theresa May to start pulling Britain out of the European Union. Ahead of the vote, which was scheduled to take place at 7:00 pm (1900 GMT), MPs were debating the legislation which would allow the government to trigger Article 50 of the EU's Lisbon Treaty, formally beginning two years of exit negotiations. / AFP PHOTO / Daniel LEAL-OLIVAS

Britain is betting that the rise of the machines will boost the economy as the country exits the European Union. 

As part of its strategy to champion specific industries, the UK government said in a statement on Feb 26 that it would invest £17.3mil (RM95.53mil) in university research on robotics and artificial intelligence. The government cited an estimate from consultancy Accenture that AI could add £654bil (RM3.61tril) to the UK economy by 2035. 

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