Sarah Lord, partner in Deloitte’s Global Investment & Innovation Incentives team, said:
“With just a 1.3% share of global computing capacity and none of the world’s top 25 supercomputers on UK territory, the Chancellor’s decision to allocate significant investment towards a national AI Research Resource will act as a substantial springboard for accelerating the UK’s global computing capacity and gaining ground on other major economies, particularly in North America and Asia.
“Additional funding allocated towards a sovereign AI Task Force, a 10-year Quantum Research Strategy, as well as the ‘Manchester Prize’ for the most innovative AI research, will provide impetus for partnerships across – and also within – the private sector and academia.
“Plans to produce a clearer regulatory framework for AI and Quantum Computing will also provide certainty for businesses operating in an increasingly uncertain landscape around data and intellectual property rights. This is a particular challenge with cross border data flows which are becoming increasingly essential to trans-national cooperation within the digital tech sector.”
