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“We need a complete overhaul of the way we approach tech investment, recognising that the skills of these entrepreneurs is key not only to the future of our economy, but protecting critical national infrastructure like the NHS.”<\/p>\n
AI startups were vital when it came to revolutionising organisations such the NHS, with the potential for reducing tedious admin for doctors and nurses, freeing them up to focus on their jobs, but such entities needed proper support and funding in the first instance, Mr Mooney stressed.<\/p>\n
He continued: “The Prime Minister has said that he wants the UK to be ‘the best place in the world to start, grow and invest in tech businesses’, so he needs to put his money where his mouth is and recognise that other nations like the US give full backing to emerging tech companies.<\/p>\n
\u201cThe consequences of failing to nurture home-grown AI technology will be catastrophic.<\/p>\n
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\u201cAI is already being hijacked by cyber criminals to attack schools, universities and hospitals and we urgently need to build up our cyber defences to monitor and neutralise these threats.<\/p>\n
\u201cThere is a huge risk to our national security if we carry on like this, and action needs to be taken, immediately.\u201d<\/p>\n
Singling out the threat to Britain\u2019s health service, Mr Mooney continued: \u201cThe NHS is at huge risk due to our failure to invest in AI.<\/p>\n
\u201cCyber criminals and terrorists see AI as the ultimate weapon that can be ruthlessly deployed to paralyse the health service, steal data, and cause mass disruption.<\/p>\n
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Don’t miss… <\/strong> \u201cOur entrepreneurs have the skills and capabilities to protect us from such threats but will be powerless if we fail give them the funding they need to thrive.\u201d<\/p>\n Less talk and more action on AI was required from the Government, Mr Mooney argued.<\/p>\n He explained: \u201cThere have been a series of announcements in recent weeks around investment and international collaboration to regulate the technology, but many company owners feel it\u2019s all a lot of hot air.\u201d<\/p>\n Mr Sunak\u2019s much-vaunted summit “means nothing if it involves world leaders but excludes voices from the start up community”, he pointed out.<\/p>\n Speaking in June, Mr Sunak said: \u201cAI has an incredible potential to transform our lives for the better. But we need to make sure it is developed and used in a way that is safe and secure.<\/p>\n \u201cTime and time again throughout history we have invented paradigm-shifting new technologies and we have harnessed them for the good of humanity. That is what we must do again.\u201d<\/p>\n He added: \u201cNo one country can do this alone. This is going to take a global effort.<\/p>\n \u201cBut with our vast expertise and commitment to an open, democratic international system, the UK will stand together with our allies to lead the way.\u201d<\/p>\n
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