ScaleUp:AI

Global revenues for the artificial intelligence (AI) market, including software, hardware, and services, is expected to break the $500 billion mark in 2023. Spending on AI is forecast to grow 19.6% year-over-year to $432.8 billion this year, according to the latest International Data Corporation (IDC) Worldwide Semi-annual Artificial Intelligence Tracker.

The Alan Turing Institute, supported by the British Standards Institution (BSI) and the National Physical Laboratory (NPL), will pilot a new UK government initiative aiming to shape global technical standards for Artificial Intelligence (AI). The new AI Standards Hub, which is part of the National AI Strategy that is backed by the UK’s Department for Digital, Culture, Media and Sport

DeepMind, Alphabet’s AI subsidiary, has unveiled AlphaCode, an AI-powered code generation engine that it says can rival human coders. The system generates code “at an unprecedented scale” using transformer-based language models. AlphaCode contains 41.4 billion parameters and was trained on various programming languages including Python, JavaScript and Rust from public repositories on GitHub.

Data labeling startup Scale AI has secured a $250 million Blanket Purchase Agreement with the Department of Defense (DOD). The deal would have federal agencies use Scale’s AI platforms to “solve their most critical AI challenges.” Becoming the Defense Department’s Joint Artificial Intelligence Center (JAIC) AI readiness partner, Scale will be tasked with developing test and evaluation capabilities for machine