The UK and the USA have all the time had an enduring bond, with diplomatic, cultural and financial ties which have remained agency for hundreds of years.
We dwell in an period of profound change, and live with applied sciences set to alter issues ever quicker. If Britain and America work collectively to develop these applied sciences for the great of mankind, in a manner that’s open and free, but additionally secure and good for our residents, we are able to keep the worldwide lead our nations have loved within the fields of innovation.
Over previous months now we have seen some very vital strides ahead on this enterprise relationship. All the largest US corporations have made selections to put money into the UK. Apple is growing a brand new HQ within the iconic Battersea Energy Station, near the brand new US embassy, whereas Google is constructing a billion greenback new HQ within the more and more trendy King’s Cross. Fb, Amazon, IBM and Microsoft are all extending their operations, and a large number of smaller US companies are basing their worldwide headquarters in London.
They’re all coming right here as a result of as we put together to go away the EU we’re constructing a ahead wanting Britain that’s open to the broader world, and tech is on the coronary heart of this.
Equally, there have been main expansions or new funding from British companies into the US. Jaguar Land Rover, the UK’s largest automotive producer, helps greater than 9,000 jobs within the USA and have not too long ago opened their new multimillion-dollar company North America HQ in New Jersey. iProov, a number one British supplier of biometric facial verification expertise, grew to become the primary worldwide firm to be awarded a contract from the US Division of Homeland Safety Science & Know-how Directorate’s Silicon Valley Innovation Program final month.
We need to work with our international companions – to share experience, and encourage funding – as we harness expertise for the broader good. And that after all consists of our outdated buddy and closest ally, the USA.
We’ve a terrific deal to supply.
The UK was not too long ago ranked essentially the most AI prepared nation amongst all of the OECD nations. Up to now three years, new AI start-ups have been created within the UK on an virtually weekly foundation.
Not too long ago, UK authorities and business collectively dedicated over $1 billion to help our AI sector, a lot of which is able to go in direction of entrepreneurs. Funding has been put aside to create a nationwide community of tech incubators, that we’re calling “Tech Nation”, which is able to help new AI companies as they get off the bottom.
We’re additionally excited by — and I’m a agency advocate for — the event of blockchain and related applied sciences. The UK is main the way in which in lots of areas the place blockchain has the potential for use, resembling Fintech. There are actually extra individuals working in UK Fintech than in New York or in Singapore, Hong Kong and Australia mixed.
And we’re eminent within the improvement of immersive applied sciences, like Augmented and Digital Actuality, which look set to radically enhance many areas of life in coming years, with purposes as various as flight simulation and surgical coaching strategies.
There’s a lot to be gained from shut collaboration between our two nations on these new applied sciences and from sharing our experience.
Collectively, we are able to reap the financial advantages of stealing an early lead of their improvement. We estimate that AI, for instance, if broadly adopted, may add $33 billion to the UK economic system. However, maybe most significantly, we are able to additionally work collectively to construct a powerful regulatory and moral frameworks for his or her wider software.
It’s the position of governments internationally, the UK and US included, to set frameworks for these decentralised, cross border programs so we are able to handle their use in a secure and efficient manner.
Our purpose needs to be to harness the ability and functionality of expertise however all the time for the advantage of, and in service to the populace.
We within the UK are avowedly pro-tech, all the time looking for to place its energy within the arms of our residents.
We’ve all discovered invaluable classes from the current scandals relating to knowledge use, most not too long ago round Facebook’s use of knowledge.
We need to construct a system that protects and cherishes the liberty of the Web whereas defending the rights of people, and their property, together with mental property.
We need to see freedom in a framework; the place our tech entrepreneurs have the house to innovate, understanding they accomplish that with full public belief. Belief underpins a powerful economic system, and belief in knowledge underpins a powerful digital economic system.
So within the UK we’re growing a Digital Constitution, to agree norms and guidelines for the web world and put them into observe. Our start line is that what’s unacceptable offline shouldn’t be tolerated within the on-line world. That features how tech corporations deal with personal residents and use their knowledge, in addition to how individuals deal with one another on-line.
Necessary adjustments like these can’t be agreed by one nation alone. It’s extra necessary than ever that we work collectively and discover widespread floor so we are able to ensure that tech continues to alter the world for the higher. Primarily based on our mutual love of freedom and particular person rights Britain and America have via historical past risen to challenges collectively. I firmly imagine working collectively we are able to construct that brighter future.