"I do look at what's happened on AI, said Kendall. I do think we need to learn the lessons and make sure we give our brilliant scientists, spinouts and startups the ability to stay here and make it happen. And that requires a government that is bold and ambitious and confident in these technologies of the future."
"Too many people feel they have to move to the US in order to get the funding and support they need to grow and scale their company. DeepMind, a groundbreaking AI firm co-founded by Nobel laureate Demis Hassabis, is still based in London but was bought by Google in 2014 for 400m."
"The UK remains a major producer of AI talent but some of its biggest AI operations are bases for US companies such as ChatGPT developer OpenAI, Anthropic and Palantir. The UK has produced a number of quantum startups including Quantinuum, a US-UK firm that recently achieved a $10bn valuation."
The UK government announced a £1 billion quantum computing funding pledge to prevent talented scientists, engineers, and startups from relocating to the United States. Technology Secretary Liz Kendall emphasized the need to learn from the AI sector, where the US has dominated and attracted elite British talent through superior funding and support. DeepMind, despite being co-founded by Nobel laureate Demis Hassabis and remaining London-based, was acquired by Google for £400 million. Many UK AI operations now serve as bases for American companies like OpenAI and Anthropic. The government aims to position the UK at the forefront of quantum computing development, supporting companies like Quantinuum, which recently achieved a $10 billion valuation. Science Minister Patrick Vallance drove this policy initiative.
Read at www.theguardian.com
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