Britain's commitment to advancing artificial intelligence (AI) reached new heights as the government announced a groundbreaking investment of 100 million pounds into AI research and regulation.

On Tuesday, it was announced that over 100 million pounds ($125 million) would be allocated to establish nine new research hubs in artificial intelligence (AI) and to provide training for regulators in this technology.

"AI is moving fast, but we have shown that humans can move just as fast," technology minister Michelle Donelan said in a statement.

The minster added, "By taking an agile, sector-specific approach, we have begun to grip the risks immediately."

The government stated that approximately 90 million pounds will be allocated to the hubs, which will prioritize the utilization of AI in fields such as healthcare, chemistry, and mathematics. Additionally, there will be collaboration with the United States regarding responsible AI.

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Britain stated that an additional sum of 10 million pounds would aid regulators in managing the challenges and maximizing the benefits of AI. This includes initiatives like creating effective monitoring tools to identify risks across various sectors such as telecommunications, healthcare, finance, and education.

In November, Britain played host to a global summit focusing on ensuring the safety of AI.

Over 25 participating nations endorsed the "Bletchley Declaration," a newly established initiative aimed at identifying mutual risks and crafting international policies to address them.

After spending £100 million to establish the world's inaugural AI Safety Institute aimed at monitoring potential risks associated with new AI models, Britain is now taking further steps.

During the AI Safety Summit held at Bletchley Park last November, prominent tech companies pledged to subject their new models to scrutiny before their public release. Google has already confirmed its adherence to this initiative by initiating the review process for its latest Gemini model.