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Agorai to invest GBP20m in UK AI market


Agorai, an integrated marketplace for Artificial Intelligence (AI) tools and data assets, has committed to invest GBP20 million in the UK AI market.

The company says the investment will help accelerate the economic benefits that can be generated by leveraging the power of AI and its ability to transform society and positively impact the UK economy. The multi-year investment announced today will be distributed over the next five years. It will span the AI ecosystem by focusing on three key areas: education, empowerment, and entrepreneurship.
 
“This is a vote of confidence in the UK. AI has the potential to add 10 per cent to UK GDP by 2030 if adoption is widespread, and our investment in the UK AI market shows our commitment to helping make this a reality. The UK has already established itself as a leader in AI research which made it a natural choice for this investment as we accelerate the application of AI to real world business challenges,” says Josh Sutton, CEO at Agorai. “Agorai’s mission is to give all participants in the AI ecosystem access to the widest range of AI tools and data sources. This investment will help us encourage innovation, education, and knowledge transfer as we work with the global AI community to ensure AI has a positive business and social impact.”
 
To help drive this initiative, Agorai has appointed Sir George Zambellas, the former First Sea Lord of the Royal Navy, to its Board of Directors. Zambellas has had a career in the military spanning almost 40 years. He has direct experience in the promotion of technical investment in autonomous systems, data exploitation and artificial intelligence, and with proven leadership in the cyber-security and robotics industry, Zambellas will be instrumental in strengthening relations within the industry and serve as an ambassador of Agorai’s commitment to the UK and globally.
 
“The British Government is committed to creating a powerful tripartite between business, academia and Government. It needs industry and experts to work together to establish a UK AI Council to accelerate AI utility. At Agorai we share all these ambitions, and we’re committed to creating opportunities for young talent to learn incredible new skills. Agorai will create the chance for contributors and users to share applications and data assets, to nurture the global AI ecosystem, to innovate, and to grip AI responsibility for the better. I am extremely excited to join the Agorai team and help drive the success of this extraordinary initiative,” says Zambellas.
 

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