UK Government Launches £8m Fund to Support AI Technology in Maritime Sector

The UK government has introduced the £8m Smart Shipping Acceleration Fund to support the maritime sector in utilizing AI technology, which has the potential to revolutionize the industry. The fund will drive innovation in the maritime sector by funding feasibility studies for new technologies such as AI, robotics, and autonomous vessels. By implementing these technologies at UK ports, benefits such as reducing hazards, optimizing port activities, and cutting environmental footprints can be achieved.

Maritime minister Lord Davies emphasized the importance of using AI and cutting-edge technology to make boats smarter, enhance safety for seafarers, and support economic growth. The competition for funds will be managed by Innovate UK as part of the UK Shipping Office for Reducing Emissions (UK SHORE) program, which aims to help the sector reach net zero emissions. The announcement was made during a visit to Ocean Infinity, a Southampton-based marine robotics company using funding from the UK SHORE program to develop decarbonization projects.

The funding news has been well-received by industry experts, such as AI ethics engineer Eleanor Watson, who believes that businesses should embrace AI technology as it offers numerous opportunities for growth and development. The rapid advancement of AI technology and its vast applicability are opening up new possibilities for organizations, and adapting quickly to these developments is crucial for staying competitive in the maritime sector. The government’s initiative to support AI and technology innovation in the maritime industry is seen as a positive step towards achieving sustainability and economic growth.

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