
Starmer calls on Nvidia's Huang to train up Britons on AI
Keir Starmer
will make an appearance alongside
Nvidia
Corp co-founder
Jensen Huang
on Monday, as the British prime minister puts technology and
artificial intelligence
at the heart of his government's plan to boost economic growth.
The Labour leader will hold an in-conversation event in London with tech billionaire Huang to mark an agreement in which Nvidia helps the UK train more people in AI and expands research at universities and at the company's own AI lab in Bristol, west England.
Starmer is keen to emphasize a positive vision for technology and growth at the start of a crucial week that will see the Labour government promote its plans to spend hundreds of billions of pounds over the course of the parliament. Chancellor of the Exchequer Rachel Reeves is under pressure from opposition parties and some of her own colleagues, due to expected cuts in other areas.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Direct Shopping From Adidas Franchise Store, Up To 50% Off
Original Adidas
Shop Now
Undo
In her spending review on Wednesday, Reeves will prioritize the cherished but struggling National Health Service as well as the UK's military capabilities in light of Russian aggression and the prospect of less support from US President Donald Trump's White House. She will also confirm large amounts of
capital investment
— which is exempted from her fiscal rules — but day-to-day spending will be squeezed, with some departments facing real-terms cuts.
Downing Street, keen to focus on its growth plans rather than spending restraints, confirmed £86 billion ($116 billion) in funding for British science at the weekend, covering areas such as pharmaceuticals, green energy and military technology. On Monday, Starmer will announce an £187 million program to improve the AI skills of British workers and students.
Live Events
The initiative is backed by major tech companies IBM, QinetiQ and Microsoft, the government said, as well as BT and defense manufacturer BAE Systems.
Discover the stories of your interest
Blockchain
5 Stories
Cyber-safety
7 Stories
Fintech
9 Stories
E-comm
9 Stories
ML
8 Stories
Edtech
6 Stories
As part of the government's efforts to promote tech in the UK, Starmer hosted CEOs and investors including Eric Schmidt and Demis Hassabis at Chequers, his countryside retreat, over the weekend.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
12 minutes ago
- Time of India
Germany tightens migration rules: 3-year citizenship ends, family visas frozen for some
Germany has introduced stricter rules on naturalisation and family reunification for certain categories of migrants. The changes, approved by Chancellor Friedrich Merz 's government on May 28, aim to reduce irregular migration and ease pressure on integration systems. Citizenship pathway extended Under the new policy, the option for "well-integrated" migrants to apply for German citizenship after just three years of residence has been discontinued. All applicants will now be required to complete at least five years of legal residency, meet German language proficiency at the B1 level, and demonstrate financial self-sufficiency. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: 1 simple trick to get all TV channels Techno Mag Learn More Undo The earlier fast-track provision allowed those with C1-level language skills and a record of community contribution to naturalise in three years. Officials now say the change is intended to create a more uniform path to citizenship. (Join our ETNRI WhatsApp channel for all the latest updates) Family reunification suspended Live Events You Might Also Like: Germany prepares to abolish its fast-track path to Citizenship Another key measure is the temporary suspension of family reunification rights for individuals holding subsidiary protection status. For the next two years, these migrants will not be permitted to bring immediate family members—such as spouses and children—to join them in Germany. This freeze affects an estimated 380,000 people and comes amid a backdrop of rising migration. Until now, Germany has issued around 12,000 family reunification visas annually under this category. Government's justification of these reforms Interior Minister Alexander Dobrindt stated that the changes are necessary to manage the country's migration and integration capacity. 'We need to reduce the pull factors that make Germany a top destination for irregular migration,' he said. You Might Also Like: Germany's immigration policies set for overhaul as Conservatives take power The government argues that the volume of new arrivals and pending family reunification applications has placed a strain on housing, education, and social services. Political context of the reforms introduced Several civil society groups and migration experts have criticised the policy, warning that it could lead to prolonged family separation and slow the integration process for migrants already living in Germany. However, supporters of the move believe it reflects growing public concern over migration levels and ensures that naturalisation is based on deeper integration and contribution to German society. The reforms come at a time of increasing pressure from conservative and far-right parties. The Alternative for Germany (AfD), which has campaigned on limiting immigration, continues to gain traction in regional polls. Chancellor Merz has described the policy shift as a 'balanced response' to national priorities, stating that the goal is to maintain social cohesion and manage migration flows responsibly. The government is expected to fast-track the new rules through the Bundestag. Since the legislation does not require Bundesrat approval, it is likely to be enacted before the summer recess. Migrants currently applying for citizenship or family reunification are advised to review the new requirements and consult official sources or legal advisors.


Time of India
17 minutes ago
- Time of India
Opinion: How unsecured lending can revolutionize credit access for women MSME entrepreneurs
One of the most significant obstacles is credit access. (AI image) By Hardika Shah Over the past few decades, India as a nation has increasingly come to recognize the significance of women's participation in the formal economy. In alignment with this shift, the last couple of years have witnessed a rise in women's participation in the workforce. According to the Economic Survey, the Female Labour Force Participation Rate (FLFPR) had increased over the past several years from 23.3% in 2017-18 to 41.7% in 2023-24. However, when it comes to entrepreneurship, the numbers tell a different story. Women own just 22% of all MSMEs, and their share drops to 12% in the small enterprise segment and a mere 7% in medium enterprises. This stark gap isn't due to a lack of ambition or ability. It's largely a result of systemic and financial barriers, with women accounting for 40% of the financing gap in the sector. The issue is clear: without access to adequate funding, many women entrepreneurs struggle to start or scale their businesses. One of the most significant obstacles is credit access. Traditional lending institutions require asset collateral to be pledged against a loan. Yet, in India, property ownership among women remains disproportionately low. According to data from the National Family Health (NFH) Survey, over 57% of women in India do not own a house either independently or jointly. This leaves many aspiring female entrepreneurs with limited options: either rely on informal lenders who charge exorbitant interest rates or forgo their business aspirations altogether. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo Unsecured lending presents a revolutionary solution to this problem by eliminating the collateral requirement. Shifting the narrative from risk to opportunity By shifting the focus from traditional asset-backed lending to alternative models, financial institutions can unlock a massive, underserved market while enabling women-led businesses to thrive. Interestingly, women borrowers have consistently demonstrated lower default rates, challenging the misconception that they pose a higher credit risk. A World Bank study confirmed that women exhibit stronger repayment behavior, a trend echoed in our findings, where women entrepreneurs showed a lower default rate of 3.4% compared to 4.6% for male borrowers. Despite being better borrowers, women entrepreneurs continue to face deeply entrenched biases in the lending ecosystem. Early-stage funding, particularly through loans with small ticket sizes that can be serviced easily, can be a game-changer for these entrepreneurs. The demand for financing among women MSME entrepreneurs is evident, with women accounting for about 68% of the total Mudra loans disbursed. Further, the fall in the aggregate NPA of Pradhan Mantri Mudra Yojana (PMMY) loans from 4.9% in 2019-20 to 3.4% in 2023-24 reinforces that unsecured MSME lending isn't inherently risky, and in fact, collateral-free loans can be a changemaker for the growth of MSMEs. Technology-driven lending models further strengthen this shift and help lenders see women borrowers as a promising segment rather than a high-risk one. AI/ML-based credit assessment systems allow financial institutions to evaluate borrowers based on business performance and cash flow. Recognizing this, the government has announced the development of an alternative credit decisioning model that aims to integrate non-traditional data sources such as transaction history, GST filings, and utility payments into credit assessments. As these innovations gain traction, they will enable a more inclusive lending ecosystem, ensuring women entrepreneurs receive the financial support they need to scale their businesses. Helming a generational shift Access to finance lends agency to women entrepreneurs. When they gain direct access to credit, women take control of their financial decisions, no longer remaining reliant on male family members as guarantors or intermediaries. This independence has transformative effects. According to data from the United Nations, women reinvest up to 90% of their earnings back into their families and communities, amplifying the impact of their success. According to data from the Udyam Registration Portal, women-led MSMEs contribute over 20% of total MSME sector employment in India, playing a crucial role in job creation. The success of women-owned businesses fosters social resilience by challenging gender norms and encouraging more women to pursue entrepreneurship and employment. Our MSME Insights survey (published in March '24) found that women-owned MSMEs that received formal credit created 11% more jobs for women than male-owned businesses, with a third of all new jobs in these enterprises going to women. Women entrepreneurs demonstrated a 14% increase in monthly net income. Towards a more inclusive financial future Access to finance is a foundational step, but it is not enough. Women entrepreneurs also require mentorship, business training, and access to networks to navigate the complexities of scaling a business. Government initiatives like the Women Entrepreneurship Platform and credit schemes such as the Pradhan Mantri Mudra Yojana (PMMY) and the Stand Up India Scheme have made strides in this direction, but more targeted efforts are needed to ensure last-mile accessibility. Digital literacy, in particular, remains a challenge. According to data from GSMA, the mobile usage gender gap in India stands at 30%, which means women are significantly less likely than men to access mobile internet. This disparity limits their ability to leverage digital banking, e-commerce, and online marketing. Bridging this gap through financial literacy programs and digital training can significantly enhance the effectiveness of unsecured lending by ensuring women entrepreneurs can maximize the benefits of formal financing. The impact of supporting women entrepreneurs extends far beyond economic gains. It has the potential to catalyze a generational shift, where more women enter the workforce, pursue higher education, and challenge deeply ingrained societal norms. Financial independence translates into greater decision-making power, not just in business but in all aspects of life. The Government of India has set ambitious targets for economic growth, aiming for a $30 trillion GDP by 2047. Bain & Company estimates that nearly 45% of this growth must come from increased women's workforce participation. If India is to meet these goals, financial inclusion for women entrepreneurs cannot remain a secondary priority, it must be a central pillar of the country's economic strategy. Unsecured lending is a critical tool of empowerment, a catalyst for progress, and a necessary step towards a more equitable and prosperous future. (The author is Founder & CEO, Kinara Capital) Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Time of India
19 minutes ago
- Time of India
Putin Men ‘Invade' Ukraine's Dnipropetrovsk For The First Time; Russia Confirms Operation
/ Jun 09, 2025, 11:27AM IST Russian forces have entered Ukraine's Dnepropetrovsk region for the first time, marking a symbolic and strategic escalation in the war. The Times reports that the assault coincides with renewed Russian offensives in the Sumy and Donetsk regions, as peace talks remain stalled. A tank division from Russia's Battlegroup Center is reportedly spearheading the advance. Dmitry Medvedev, Deputy Chairman of Russia's Security Council, warned Ukraine of 'new realities' on the ground, stating that failure to engage in negotiations would lead to further battlefield consequences. Tensions continue to rise across multiple fronts.