Keir Starmer is right to gamble on an AI revolution, but it might not pay out in time

A naukri.com initiative

New

Keir Starm...

Guardian

260

Image Credit: Guardian

Keir Starmer is celebrating an AI Emirates revolution
Rachel Reeves will continue to run the Treasury
Starmer has a commitment that Britain must be propelled headlong into a state-sponsored AI revolution.
This is important because of the economic constraint imposed on the Treasury that puts analog tax-and-spend measures out-of-reach.
It will channel the will of the prime minister into a specific industrial policy, from which concrete spending priorities will flow.
It describes a theory of progress that isn’t measured in traditional social democratic terms by the size of departmental budgets for good causes.
There are massive unanswered questions about ownership of data, copyright protection, accountability energy usage and how to mitigate its impact on the climate.
Money allocated for wiring Britain up for supercomputers and jumbo datacentres has to come from someone else’s budget. The dividend from that investment won’t immediately compensate the losers.
In the first phase of the revolution, exciting new plans for digitising the state will look suspiciously like the miserable old routine of shrinking it.
It is important, interesting stuff. But it has been overburdened with political heavy-lifting because Reeves and Starmer are stuck in a fiscal trap they laid for themselves in the past.

Read Full Article

15 Likes

For uninterrupted reading, download the app