Investors Say Less EU, More AI

the silicon chip inside her head

Will robots make Brexit a success? An expert investment panel asked this in London yesterday. The Smith & Williamson Artificial Intelligence Fund is less than six months old, but if our country needs a supply of hard workers who are more popular than the Polish or Portuguese, maybe robots are the answer.

According to a report in Portfolio Adviser: "the Smith & Williamson-sponsored artificial intelligence panel debate was optimistic about the peaceful co-existence between modern white-collar workers and machines and London’s role in the ongoing AI revolution."  Chris Ford, the co-head of the S&W AI fund, argued the position that London, after Brexit, would still be both a global centre of capital, and a hub of technological innovation.

"Worrying about whether certain jobs will become obsolete in an increasingly automated world feels a bit like putting the cart before the Brexit horse."

This Huffington Post contributor does not expect Brexit to hold back the development of the AI sector. 

"Let's do a head count here in terms of the historical precedence of the UK track record and the things that are can foreseen that is coming next. UK research and development has and is a world leader in many of the 4th Industrial fields of medical and industrial research. We have some of the world leading AI researchers in the form of DeepMind and others in the UK. Economically in spite of local interest changes we do have a stable and viable economy with a long history of international trade around the world with our soft power of language and culture."

The Daily Express is also excited. It says AI is potentially worth £630 billion to the economy, with applications in healthcare and medicine "with smarter scheduling of operations and appointments, the development of drug treatments and [Artificial Intelligence] could even save lives through the faster detection and diagnosis of disease. "