NEWS
New funding of £ 32 million dedicated to bolstering Artificial Intelligence in the UK ’ s construction sector
I nnovate UK ’ s BridgeAI programme , with a £ 32 million fund , empowers innovation in key sectors like construction and transport by harnessing the potential of Artificial Intelligence ( AI ). It offers financial support and expert guidance for AI solutions , promising to boost productivity across various sectors . This transformative initiative shapes the future of construction through AI integration .
The programme comes with flexibility in funding , enabling single entities to request grants of up to £ 100,000 and collaborations between £ 700,000 and £ 1.2 million . The grant funding can cover up to 70 % of project costs based on factors such as project type and business size .
AI innovation at the grass roots level , we ’ re confident that this programme will enable thousands of businesses to add even greater value to the UK economy and compete more effectively on the global stage .”
For construction and other priority sectors , this presents a unique opportunity to adopt AI and Machine Learning solutions , fostering business efficiency and productivity . Applicants must identify end users and demonstrate how their solutions will improve productivity within these sectors .
Will Drury , Executive Director , Digital and Technology at Innovate UK , said : “ We aim to unlock the untapped potential of AI and drive greater productivity and efficiency across key sectors . By nurturing
IBM announced as a sponsor of the 2023 UN Climate Change Conference
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BM has announced its role as an Associate Pathway Partner of the 2023 United Nations Climate Change Conference ( COP28 ). The conference , which will be hosted by the COP28 UAE Presidency in Dubai , will be a pivotal moment for global leaders , policymakers , scientists and businesses to collaborate on climate action and work together to shape a more sustainable future .
Throughout the conference , IBM will showcase how technology and consulting can enable business , society and government to accelerate progress toward sustainability goals . By consolidating data and embedding AI into core functions , IBM can offer organisations tools to help them reduce costs , waste and emissions , advance transitions to clean energy , improve productivity and develop more sustainable supply chains and responsible computing .
“ Sustainability is one of the biggest challenges of our lifetime , and both technology and partnerships will be key to driving future progress ,” said Jonathan Adashek , Senior Vice President , Marketing and Communications , at IBM . “ AI innovations like IBM ’ s watsonx are already available to help organisations build AI to drive sustainability and efficiency . In Dubai , IBM will support the COP28 UAE Presidency ’ s agenda by working with attendees to continue collaborating on solutions that move us all toward a lowcarbon future .”
10 www . intelligentbuild . tech