| > £14 billion and 13,250 jobs committed by private leading tech firms following AI Action Plan Maybe this is where the £22 billion black hole comes from [1]? Maybe freezing 10 millions pensioners helped pay for it [2]? In the background, bare in mind that the UK government is currently paying 4.8% interest to borrow [3], which is a massive problem because it means the UK is borrowing more than the predicted growth is expected to yield. > But the AI industry needs a government that is on their side, one that won’t sit back and let opportunities slip through its fingers. They recognise that an industry needs to move fast... > The plan puts an end to that by introducing new measures that will create dedicated AI Growth Zones that speed up planning permission and give them the energy connections they need to power up AI. Then immediately come up with arbitrary regulation as to what zones investment should be spent in. If you want something to move fast, cut the strings. How much of this money will be spent on bureaucracy? How many of the 13k jobs will be government based? > First – laying the foundations for AI to flourish in the UK. Zones are a terrible idea, just cut the strings. > Second – boosting adoption across public and private sectors > A new digital centre of government is being set up within DSIT. This will revolutionise how AI is used in the public sector to improve citizens lives and make government more efficient. Prediction: Government becomes larger, and therefore less efficient. Large amounts of the pledged money simply gets eaten by government overhead and taxes. > Third – keeping us ahead of the pack The UK does not have the resources to compete like this, we cannot outspend those with deeper pockets. The UK has historically done well by using the resources it does have more effectively, then completely losing control over what they invent to the likes of the US. There was a document published a few months back (cannot find it now) with the EU complaining about how tonnes of their Unicorn start-ups end up going to the US. There's probably a lesson to be learned there, but who reads these documents anyway? [1] https://www.bbc.co.uk/news/articles/cx2e12j4gz0o [2] https://www.bbc.co.uk/news/articles/c4gv632d05lo [3] https://www.bbc.co.uk/news/articles/c897vw5w7p8o |