[greenflag]

While this is an excellently written piece and really insightful into the state of higher education funding, what seems to be missing from the debate is concrete ideas of what should be done differently (either in 2014 or today). A lot of US innovation success comes from deep pockets of private venture capital, which is just missing in the UK. So if you're a politician/bureaucrat with a (let's face it) relatively small budget and much politics to deal with, the best strategy to take is not obvious (at least to me).

[anonymousDan]

It's well written but completely unjustified in its criticism of UK universities or their role given the resources required to train SOTA models. Are any US universities training SOTA models? No. Your point about the need for private venture capital is exactly correct. I think some kind of new funding stream needs to be identified for doing this. The US is forcing China to sell TikTok's US arm for national security reasons. We could try to do something similar in return for granting US Big Tech companies access to Europe - I guess the digital tax is a step in this direction. But it seems challenging to enforce that given the current power dynamics.