Government shelves £1.3bn UK tech and AI plans
https://www.bbc.co.uk/news/articles/cyx5x44vnyeo
Posted by Tyler119
Government shelves £1.3bn UK tech and AI plans
https://www.bbc.co.uk/news/articles/cyx5x44vnyeo
Posted by Tyler119
12 Comments
Yeah why bother investing in the country when we can spend billions on public sector pay rises and abroad.
Bad idea. This is our last chance too.
Oh well delivering parcels and just eats to the folks working at the warehouses is a great way to run our economy.
So glad my child has another passport.
Very, very bad decision. This is the complete opposite of the pro-growth rhetoric we’ve been hearing.
AI is a bubble anyway. The gains are rapidly slowing down as they run out of free data to scrape from. To fix that they either have to start paying billions for more training data, or start feeding it AI generated data which quickly starts to degenerate the model. OpenAI is running at a huge defecit and only being propped up by Microsoft. That’s all to say nothing of the environmental impact, globally AI is eating up most of the renewable energy capacity that’s been added in the last 5 years.
Invest for sure, but invest in something meaningful, not the latest flavour of the month. Remember when we were planning to start our own Cryptocurrency?
For crying out loud. We *need* to build these industries for the sake of economic growth and national security. We are a leader in this field and need to remain so.
Terrible decision by the government. It pains me that they scrap this sort of stuff and then continue the handouts and pay rises
This sub should see this as good news given it was decried as a complete waste of money when it was announced.
https://www.reddit.com/r/unitedkingdom/comments/11s5wgx/uk_to_invest_900m_in_supercomputer_in_bid_to/
AI’s a load of bollocks and I’m glad we won’t be wasting money on it. £500m on ‘funding computing power for AI’ and ‘draw up an action plan for identifying new “AI opportunities”‘ is the kind of nonsensical waste we’re supposed to be putting behind us.
Plus a lot of these cuts are promises that could never be fulfilled, as stated in the article. Declaring you’re doing to spend X when you don’t have X, never had X and the declaration was a complete lie doesn’t mean that when the lie is exposed, the recipient has suffered ‘a cut’.
There’s plenty of real tech in the real tech industry which is thriving and will be supported. I moved into gaming a couple of years ago and the British scene there has some really decent tax relief and so on. The industry’s fine. We don’t need money chucked at some rando who’s gonna tell us all we want an AI fridge.
They surely want to draw up their own plans. This was a conservative government declaration they never actually got around to introducing into their budget.
To be honest £1.3bn doesn’t go far, either you do it properly or not at all .
So many brain dead comments on Labour’s actions less than a month after coming into power.
The only thing worth mentioning at this stage is the Tories have planned spending that doesn’t actually have any budgeted funding.
Over the next few months Labour is going to have to go through this steaming pile of shit and cancel dozens of unfunded and/or unworkable projects.
Only then will they know what they are working with and where there is room to maneuver. That’s when we’ll start getting announcements from Labour of their own, fully funded, projects.
Hot take (as I : AI is hyped to do everything for everyone – but the actual areas where it can add real value are much smaller. It’s a bubble.
The country needs some immediate improvements in basic services (e.g. NHS, social care, police), which should improve the economy as well as people’s day to day lives.
Mmm…this is more worrying than the other cuts… How do we get growth without investment?