Artificial intelligence (AI) has been a buzzword for years, but it's only recently that the full potential of this technology has started to be realized. From self-driving cars to personalized medicine, the use cases for AI are only beginning to be unlocked. And as companies race to develop the next breakthrough product, investors are taking notice.
Roughly a year-and-a-half after Facebook renamed itself 'Meta' and said it would go all-in on building a future version of the internet, the company is making good on its promise. At its recent F8 Refresh event, Meta announced a slew of new product and initiatives, many of which are powered by AI. From a virtual reality headset that uses AI to improve the user experience to a new tool for building conversational AI, Meta is betting big on the future of AI.
But it's not just tech giants like Meta that are investing in AI. The UK government is to invest £900m in a cutting-edge supercomputer as part of an artificial intelligence strategy that includes ensuring the country is at the forefront of the AI revolution. The supercomputer, which will be housed at the Met Office in Exeter, will be used to improve weather forecasting, climate modelling, and research into the impacts of climate change.