Mustafa Suleyman, co-founder of DeepMind, believes that for the UK to become an AI superpower, it needs to foster a culture of risk-taking and encourage large-scale investments. The BBC reports: Mustafa Suleyman added that he does not regret selling DeepMind to the US giant in 2014. “The US market is not only huge, but also more predisposed to taking big shots,” he told the BBC. Prime Minister Rishi Sunak wants the UK to be a global hub for AI. He has pledged 1 billion pounds in funding over the next 10 years, and founded a UK taskforce with a remit of maximising the benefits of the tech while keeping it safe. This week BBC News is focusing on AI, how the technology affects our lives and what impacts it may have in the near future.
Mr Suleyman said the UK had “every chance” of becoming an AI superpower and praised its research facilities, but added there were not the same opportunities for businesses to grow as there are in the US. “I think the culture shift that it needs to make is to be more encouraging of large scale investments, more encouraging of risk taking, and more tolerant and more celebratory of failures,” he said. “The truth is, the US market is not only huge, but also more predisposed to big risk taking, taking big shots and having big funding rounds.” Mr Suleyman has chosen to base his new company, Inflection AI, in Palo Alto, California, which is also home to the headquarters of Google, Facebook and Tesla.
Mustafa Suleyman’s views represent one of the challenges facing Ian Hogarth, a British entrepreneur and investor who has been appointed to lead the UK’s AI taskforce. He took up the position five weeks ago. In his first interview since getting the job, Mr Hogarth told the BBC that while the UK was a good place for start-ups, it should also be easier for them to grow. “We’ve had some great [tech] companies and some of them got bought early, you know – Skype got bought by eBay, DeepMind got bought by Google. I think really our ecosystem needs to rise to the next level of the challenge.”
