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@richardturrin

In a world ravaged by war, talk of the end of NATO, and an increased emphasis on financial sovereignty, AI sovereignty is growing in importance by the minute. McKinsey’s latest report on sovereign AI makes a compelling case for nations to build independent AI capabilities to ensure strategic resilience, economic impact, and societal benefits in an increasingly divided world. I give McKinsey credit for being spot-on and timely. Anyone working in AI should pay close attention to sovereignty implications in systems and solutions. AI sovereignty is also big business, and McKinsey estimates that 30 to 40% of AI spending could be influenced by sovereignty requirements a market of some $500 bn to $600 bn globally by 2030! While sovereign AI is often seen as a “defensive play” protecting citizens, data, and tech stack, McKinsey puts a new spin and says it should be considered going on the “offensive.” The US banning AI chip sales to China, China banning US LLM models, or the EU’s AI Act, should be seen as going on the offense for growth and innovation. The goal of sovereign AI ecosystems is to capture more of the economic value created by AI locally, rather than seeing it flow to foreign providers like the US’s Silicon Valley. Once again, there is big money involved. Nations going on the offensive with sovereign AI can capture a bigger piece of the $2.6T–$4.4T annually that AI contributes to global GDP. Sovereign AI isn’t just about protecting citizens and data from rogue foreign AIs; it’s all about getting a piece of the AI pie. Expect more nations to go on the offensive to bring AI’s money trail home. #fintech #tech #finserv #AI @BetaMoroney @efipm @BrettKing @spirosmargaris @jasuja @enricomolinari @mikeflache https://t.co/YM0i42elmo

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