Upside - for the real stories behind the headlines affecting European Venture.In this week's episode:AI in Public Services - OpenAI and the UK govt sign dealThe US vs UK AI plans - how do they compare?Stablecoins - what are they really and why are they not in the UK?Deepmind wins the IMO maths competition - so what?Deal of the Week01:50 – AI in UK Government and Public ServicesUK government signs an MOU with OpenAI to explore AI in public services.Introduction of “Humphrey,” a ChatGPT-powered assistant for civil servants.03:21 – Will AI in Public Services Work?NHS could be a testbed for AI adoption, potentially with citizen opt-ins for faster treatments using AI technologies.05:26 – UK AI Plan and Public Sector ProductivityUK’s AI Opportunities Plan.Potential AI use cases: fraud prevention and efficiency in administrative tasks.08:24 – Challenges in Government AI Implementation09:27 – AI in NHS & HealthcareDebate on AI’s role in healthcare11:46 – UK Sovereignty & AI PartnershipsConcerns about reliance on US AI companies (OpenAI, Anthropic).13:03 – Is Reliance on US AI a Problem?Discussion on whether the UK should build its own foundational AI models.16:31 – National AI StrategiesDebate on the UK government’s responsibility to invest heavily in domestic AI.Comparison to the UK aerospace industry and state-backed R&D.19:26 – Comparing US and UK AI PlansOverview of both strategies:US: Innovation, leadership, and global dominance.UK: Sovereignty, public sector benefits, and homegrown champions.22:24 – Key Differences Between US and UK AI Approaches27:47 – What Should the UK Do Differently?Invest in national AI infrastructure. Mandate “buy UK first” for AI solutions.33:31 – AI in Large OrganizationsNorway’s sovereign wealth fund sees 20% efficiency gains using AI (Claude).36:01 – Transition to StablecoinsWhat they are and why they matter.41:02 – Dollar Dominance via StablecoinsStablecoins as a strategic tool to extend USD dominance.48:25 – Future of StablecoinsHow stablecoins will reshape DeFi, cross-border transactions, and payments.52:27 – AI Excels at MathematicsGoogle DeepMind and OpenAI achieve gold-level performance at the IMO (International Mathematical Olympiad). Significance: AI is moving from computation to creative problem-solving and advanced reasoning.55:47 – Implications of AI in Math & ScienceAI’s ability to solve complex math problems signals breakthroughs in R&D and engineering.58:14 – Philosophical Questions on AI ReasoningDebate on whether AI’s reasoning is “synthetic” or genuinely creative.AI’s utility matters more than its internal mechanics.59:33 – Deal of the WeekKeywords: AI, public services, OpenAI, UK government, healthcare, stablecoins, financial system, mathematics, funding, trade deals.

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