I do not think anyone has suggested that we should be doing anything other than pursuing opportunities in AI to make the most of our lead, but having now read the full transcript of keir Starmers speech, I go back to my original belief, that it is all gas and no gaiters.
It is full of telling us what AI can do, all the wonderful changes it will make, but then there is a whole list of foreign companies investing in AI in the UK, no talk of British companies, No talk of government money, later, if not possible now.
The Foreign companies are over here to make the most of our highly talented researchers, - and then they will export the expertise and the profits back to their own countries to make the most of it.
Since the computer industry developed after the war, the UK has been an industry leader - then when all the reaerch is done the companies have been bought up by foreign companies. The big British firm ICL was bought up by a Japanese company
Autonomy, a big software/AI company was sold to the Americans and is now owned by Canadians.
The main reason these companies are sold overseas is because they cannot get the finance in the UK to help them jump from growing start-up/medium sized company to the big player.
I can see nothing in Starmers speech about how he s going to address the biggest stumbling block to industry growth in the UK. I am not talking about government money but working with the big banks and finance resourcers in this county to make sure that when AI companies get to take-off size, they ger home financing and can grow in this country, and not have to sell themselves off to Americans or the Japanese, or even Chinese, because they can provide finance and the Uk cannot.