From self-driving cars to new drug discoveries and devices which know what you want before you do, AI has the potential to transform our lives as fundamentally as the printing press and electricity.
It is estimated AI could add $15.7 trillion to global GDP by 2030. No surprise then that the UK government’s industrial strategy identified it as one of four areas where Britain can lead the world.
But this looks at best optimistic when Britain is a minor player in an AI arms race dominated by the US and China. China is now second behind the US in AI patent filings and is home to three of the seven biggest AI companies in the world: Baidu, Alibaba, and Tencent. No prizes for guessing where the other four are based. Continue reading “Trust is Britain’s secret weapon in the global AI race”