Kainos Group plc Announces £10m Strategic Investment in Generative AI
LONDON, 29th AUGUST 2023 — Kainos, a leading digital technology company, today announced that it is investing £10 million in the advancement and scaling of Generative Artificial Intelligence (AI).
Building on its long-term investment in AI, Kainos will harness the potential of Generative AI to foster innovation, elevate client experiences, and drive digital transformation for its clients. The organisation has a well-established Data & AI Practice, which has grown to more than 150 established experts, delivering work across complex organisations such as the United Nations, the Ministry of Defence and HelloFresh.
This strategic investment underscores Kainos' dedication to remaining at the forefront of technological advancements. It will focus on advancing breakthroughs in Generative AI understanding, as well as developing cutting-edge solutions, including accelerators, systems, and ecosystem partnerships that address the complex challenges faced by clients.
Kainos is dedicating significant funding to further enhance its leadership in Generative AI. This includes the training of more than 1,000 team members in AI tooling and Copilots and the appointment of a new Generative AI Lead to drive initiatives and education across its internal business operations.
Kainos will also be increasing its investment in partner organisations that are focused on researching the societal implications of Generative AI. Its experts will collaborate with academia and industry leaders to establish additional AI Research Centres across the UK to advance ethical and responsible approaches to developing AI solutions. Ensuring the ethical use of AI is a key focus for Kainos who established their data ethicist capability in 2022.
Russell Sloan, incoming CEO of Kainos comments: “We have been at the forefront of AI for almost a decade and today’s announcement represents the next step in the development of our AI capabilities. We are investing in the skills of over 1,000 colleagues to ensure that they can harness Generative AI for the benefit of our customers. At the same time, we are increasing our investment into the funding of academic research institutes including the AI Research Centre (AIRC) at Ulster University, to ensure that the deployment of this exciting technology is undertaken in an ethical and responsible way - for the benefit of everyone.”