50% gets spent on hard assets like AI super computers, buildings, infrastructure: £528,302
You lose 50% to operating overheads: £264,151
Each employed person averaging £60k a year gives you 13,250 people employed for 4.4 years.
What's left at the end of 4.4 years? A 4.4 year old super computer that is twice as slow as the best and costs twice as much to run, 13,250 people scrambling for funding/work, a few nice papers, a tonne of failed start-ups with questionable IP and very little value to the tax payer.
50% gets spent on hard assets like AI super computers, buildings, infrastructure: £528,302
You lose 50% to operating overheads: £264,151
Each employed person averaging £60k a year gives you 13,250 people employed for 4.4 years.
What's left at the end of 4.4 years? A 4.4 year old super computer that is twice as slow as the best and costs twice as much to run, 13,250 people scrambling for funding/work, a few nice papers, a tonne of failed start-ups with questionable IP and very little value to the tax payer.