Reported By: Debashis Sarkar<\/span><\/a><\/span><\/p>\n<\/div>\n Last Updated: June 16, 2023, 21:25 IST<\/span><\/p>\n<\/div>\n London, United Kingdom (UK)<\/span><\/p>\n<\/div>\n<\/div>\n At London Tech Week 2023, Harjinder Kang\u2013 UK\u2019s Trade Commissioner for South Asia and British Deputy High Commissioner for Western India\u2013 spoke about UK\u2019s goal of becoming the global tech capital. <\/p>\n<\/div>\n At a time when most businesses are talking about leveraging artificial intelligence( AI) to grow themselves, the United Kingdom is looking at riding the AI wave to boost their economy. The goal is clear: make the UK the number one destination for tech companies and talent. And not just that, it also wants startups across the world working on AI, quantum computing and other newer technologies to migrate to the UK as it wants to become the \u201cUnicorn Kingdom\u201d. <\/p>\n On the sidelines of the London Tech Week 2023, UK\u2019s Trade Commissioner for South Asia and British Deputy High Commissioner for Western India\u2013 Harjinder Kang<\/strong> in an interview with Debashis Sarkar<\/strong>, Editor\u2013 Technology, News18 said, \u201cThe UK is now focusing on becoming the centre of gravity when it comes to development and regulations around Artificial Intelligence..Prime Minister Sunak is very clear on this that he wants UK to become pivotal in AI.\u201d <\/p>\n WATCH VIDEO: UK Aims To Be The Global AI Capital; Wants To Work Together With India Startups<\/a><\/p>\n Having said that, Kang also stressed that it is just not about AI for the UK. \u201cThe UK is also very much at the forefront of other technologies as well considering green technology, and renewable energy. The UK was even a key player in using technology to help the world during the pandemic,\u201d said Kang. <\/p>\n \u201cI think the two countries\u2013 India and the UK can work together in a collaborative manner to solve some of the world\u2019s problems. As the new trade commissioner for South Asia, I would be helping many companies that I can towards achieving this goal,\u201d added Kang. <\/p>\n Apart from focusing on attracting top talent to the UK for realising its own tech ambitions, the UK is also keen on becoming a hub for regulations, especially around AI. \u201cAI has the power to do amazing things, however, it also has the capabilities to create unintended consequences. It is always in the interest of the entire world, in certain ways, to make sure that these new technologies are used in a proper manner. With AI, we have to make sure that there is no room to abuse. We want to develop AI fast but do so in a responsible manner,\u201d stressed Kang. <\/p>\n At the keynote address of the London Tech Week, Prime Minister Rishi Sunak explained why the UK is one of the best places in the world to start a tech business. He claimed that in the last decade the UK has created 134 tech unicorns – more than France & Germany combined.<\/p>\n He also said that the UK is the \u201cmost digitally literate society in the world \u2026with 97 per cent of the population using the internet, and one of the highest average daily minutes of internet use per individual.\u201d <\/p>\n As far as financial support is concerned, the Prime Minister claimed that the UK has the lowest corporation tax in the G7. \u201cThe 25% corporation tax rate in the UK is the lowest in the G7 and 4th lowest in the G20. This is designed to facilitate more inward investment for businesses, helping them to flourish,\u201d he added. <\/p>\n \u201cWe have one of the most generous capital allowances regimes in the OECD. We have introduced full-expensing for qualifying business investments in main plan and machinery for three years \u2013 a tax cut worth \u00a327 billion,\u201d said Prime Minister Sunak. <\/p>\n WATCH VIDEO: UK PM Rishi Sunak Has \u2018Good News\u2019 For Techies<\/a><\/p>\n The UK is also said to be increasing its R&D investment by \u00a35 billion, reaching \u00a320 billion per year by 2024\/25. \u201cWe\u2019re changing how we do things \u2013 with a new Advanced Research and Invention Agency focussed on high-risk, high-reward research,\u201d he added.<\/p>\n<\/p><\/div>\n [ad_2] [ad_1] Reported By: Debashis Sarkar Last Updated: June 16, 2023, 21:25 IST London, United Kingdom (UK) At London Tech Week 2023, Harjinder Kang\u2013 UK\u2019s Trade Commissioner for South Asia and British Deputy High Commissioner for Western India\u2013 spoke about UK\u2019s goal of becoming the global tech capital. 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<\/figure>\nThe UK wants tech startups across the world to migrate to the UK as it wants to become the \u201cUnicorn Kingdom\u201d. <\/h2>\n<\/div>\n<\/div>\n
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