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AI Could Transform UK’s Public Finances as Labour Touts Gains

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The upcoming UK government has an opportunity to revitalize national finances by leveraging artificial intelligence (AI) to enhance public services, according to two prominent research organizations.
Both the Tony Blair Institute for Global Change and the Institute for Public Policy Research argue that AI has the potential to significantly increase efficiency in frontline services, which are currently strained across various sectors of the public domain.
These assertions come amidst pledges from the Labour Party, leading in polls ahead of the July 4 general election, to utilize technology as a catalyst to reignite economic growth. Labour emphasizes that the UK, with its service-oriented economy, is uniquely positioned to reap the benefits of AI.
However, regardless of the election outcome, the new government will likely confront stringent fiscal constraints due to high debt levels and elevated interest rates exacerbated by the pandemic and subsequent inflation. These factors complicate any promises of substantial budget increases to address the decline in public services observed in recent years.
Nevertheless, proponents of AI argue that its adoption could brighten the economic outlook by boosting growth and enhancing public sector efficiency. Labour has suggested that embracing AI could potentially create up to £70 billion ($89.3 billion) in fiscal headroom within five years, funds that could be redirected towards crucial investments.
Peter Kyle, Labour’s shadow technology secretary, has outlined plans to support the UK’s technology sector, highlighting AI’s potential to stimulate economic expansion. He has previously underscored AI’s capacity to unlock fiscal resources that could fuel long-term investments.
Jeegar Kakkad, director of government innovation at the Tony Blair Institute, emphasized the transformative impact AI could have on public services, particularly citing its applications in the National Health Service (NHS) to address persistent challenges like lengthy waiting lists.
“Even with readily available technologies, we can modernize public services, establish a solid foundation, and prepare for substantial future savings,” Kakkad remarked in an interview with Bloomberg’s UK Politics podcast.
In contrast, Carsten Jung, senior economist at IPPR, adopted a more cautious stance on AI’s transformative speed, stressing that its efficacy would hinge on meticulous implementation strategies.
“In an optimistic scenario, widespread AI adoption could potentially boost GDP across the economy by up to 13%, with substantial gains in the public sector,” Jung noted in an interview with Bloomberg’s UK Politics podcast. “However, achieving such outcomes depends heavily on the approach taken.”
The UK’s public services have struggled with lackluster productivity in recent years, a point critics often attribute to insufficient investment dating back to 2010. Chancellor of the Exchequer Jeremy Hunt has allocated billions in the latest budget to enhance NHS productivity, aiming to reduce record-high waiting lists exacerbated by the pandemic.
A survey conducted by the National Audit Office revealed that 70% of government bodies are currently piloting or planning AI initiatives, despite limited widespread deployment of the technology. The watchdog concluded that AI has the potential to revolutionize public services, delivering significant productivity gains on a large scale.
Source: bloomberg.com
The post AI Could Transform UK’s Public Finances as Labour Touts Gains appeared first on HIPTHER Alerts.

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To get greater BRICS cooperation off to good start

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A report from People’s Daily: The 16th BRICS Summit will be held in Kazan, Russia, from Oct. 22 to 24. This upcoming summit is the first to be held after the BRICS expansion, playing a prominent role in getting the greater BRICS cooperation off to a good start. It is also important for BRICS countries to unite the Global South and play a greater role in international affairs. Chinese President Xi Jinping will attend the 16th BRICS Summit.
“More than 30 nations have formally applied to join BRICS.” With its rising global influence, the BRICS cooperation mechanism has become a focus of media around the world. The increasing number of developing countries applying to join the BRICS family fully demonstrates the vitality and appeal of the BRICS cooperation mechanism.
Since its inception, BRICS countries have consistently acted on the BRICS spirit of openness, inclusiveness, and win-win cooperation, and taken BRICS cooperation to new heights. They have upheld fairness and justice in international affairs, stood up for what is right on major international and regional issues, and enhanced the voice and influence of emerging markets and developing countries. Faced with the current complex international situation, the Global South countries increasingly rely on the BRICS.
Under the suggestion of China, the BRICS expansion process was initiated during the 14th BRICS Summit held in Beijing in 2022. At the 15th BRICS Summit held in Johannesburg, South Africa in 2023, the BRICS achieved a historic expansion. Earlier this year, Egypt, the United Arab Emirates, Iran, and Ethiopia officially became members of the BRICS family.
The new round of expansion has further enhanced the global representation and influence of the BRICS mechanism, making it a more important force in shaping the international landscape.
Last November, leaders of BRICS countries joined the Extraordinary Joint Meeting of BRICS Leaders and Leaders of Invited BRICS Members on the Situation in the Middle East with Particular Reference to Gaza, to coordinate positions and actions on the Palestinian-Israeli conflict.
This year, the 14th BRICS Trade Ministers Meeting and the 14th Meeting of the BRICS high-ranking officials responsible for the security matters and national security advisors were held successively to build more consensus for cooperation, safeguard peace and stability, and seek common development and revitalization.
On multilateral platforms such as the United Nations (UN) and the G20, the BRICS countries have jointly defended the rights and interests of emerging markets and developing countries.
The world today is experiencing disorder, slowing growth, uneven development, and a loss of focus in governance. In the face of increasingly complex and challenging international situations, the greater BRICS cooperation bears greater responsibilities and higher expectations.
The greater BRICS cooperation will continue to promote common security and strive for lasting peace. The BRICS countries will support each other on issues concerning their respective core interests, and enhance coordination on major international and regional issues.
China and Brazil have jointly released the six-point consensus on the common understandings on the political settlement of the Ukraine crisis, which has received positive responses from more than 110 countries.
On the Palestinian question, the BRICS countries emphasize the need to push for the early realization of a comprehensive and lasting ceasefire in Gaza, support Palestine’s full UN membership, and implement the two-state solution.
The greater BRICS cooperation will focus on development as a priority and remove hindrance to development. The membership expansion has contributed to a wider-ranging, broader, and higher-quality cooperation among BRICS countries. By revitalizing the cooperation outcomes and unlocking new cooperation potential, the countries are committed to leveraging the opportunities brought by technological revolution and industrial transformation to nurture new drivers for high-quality development and create new landmark achievements in areas such as finance, artificial intelligence, energy, and minerals.
The greater BRICS cooperation will follow true multilateralism and improve global governance. The BRICS expansion has further increased the representation of the BRICS family on the global stage, which will expand the topics of global governance joined by BRICS countries and improve their governance capabilities. The upcoming BRICS summit has once again focused on multilateralism, demonstrating the confidence and determination of BRICS countries in upholding multilateral cooperation.
Currently, the Global South accounts for over 40 percent of the world economy, profoundly reshaping the global economic landscape. As the leading members of the Global South, the BRICS countries are working for greater solidarity and cooperation among countries of the Global South. Together, they have stayed true to the fundamental aspiration of upholding the common interests of the Global South and pushing for a more balanced and effective global governance.
At a new starting point, the strategic significance and political effects of the greater BRICS should be fully leveraged to make BRICS a new type of multilateral cooperation mechanism based on emerging markets and developing countries, and open and inclusive to the world.
China has been a consistent advocate of and contributor to BRICS cooperation. As Chinese President Xi Jinping pointed out, BRICS countries gather not in a closed club or an exclusive circle, but a big family of mutual support and a partnership for win-win cooperation. They need to uphold openness and inclusiveness and pool collective wisdom and strength, which meets the realistic needs of BRICS development and serves the common interests of all BRICS countries.
Building on a solid foundation, the greater BRICS cooperation is bound to embrace a bright future. Moving forward, China stands ready to strengthen strategic partnerships with all BRICS partners, get the greater BRICS cooperation off to a good start, and build a community with a shared future for mankind, so as to make greater contributions to the development and progress of human society.
SOURCE People’s Daily
The post To get greater BRICS cooperation off to good start appeared first on HIPTHER Alerts.

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SDEC 2024: Team Kaohsiung Presenting New City AI Governance

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Kaohsiung City Deputy Mayor Charles Lin led a delegation of smart transportation, smart healthcare, and Asia New Bay Area startup representatives to the 2024 Selangor Smart City and Digital Economy Convention (SDEC) in Malaysia. Deputy Mayor Lin also delivered a speech at the SDEC conference, introducing the development of the semiconductor industry and the achievements of Kaohsiung Smart City.
Delegation presented a diverse group of companies:
Chunghwa Telecom exhibited two key technologies: the Cellular Vehicle Probe (CVP) Big Data system for traffic analysis and a 5G Vehicle-to-Everything (V2X) Technology for light rail intersection safety. The CVP system offers real-time traffic monitoring and analysis, while the V2X technology enhances safety through dynamic monitoring and rapid warning transmission.
Advmeds presented their “Kaohsiung Health 4.0”, introducing generative care engine technology across medical facilities, communities, and senior fitness clubs. This system achieves digitalized health management through chatbots and is developing AI digital avatars to upgrade customer service functions.
iAMBITION showcased comprehensive solutions for medical and care institutions, featuring their “iSAFE system platform.” This platform utilizes contactless 3D sensors, smart IoT, and AI image recognition for anomaly detection, environmental monitoring, and health risk assessment in healthcare settings.
LTPA introduced its “Smart Cognitive Training Program,” combining AIoT technology to digitalize non-pharmaceutical treatments. The program offers AI remote training equipment for seniors, focusing on dementia prevention and muscle strength enhancement.
Hitspectra Intelligent Technology demonstrated their application of Hyperspectral Imaging in Early Medical Diagnosis. This technology assists doctors in quickly identifying affected areas with unclear early symptoms, particularly skin diseases. Their focus includes biomedical optical detection and semiconductor thin film optical inspection.
Meta Intelligence presented one-stop digital innovation solutions spanning AI, IoT, and Digital Twins. Their expertise covers AI-powered building management, AI-generated fashion model photos, VR and AI smart sports training tools, and VR foreign language practice with AI characters. These participants demonstrated Kaohsiung’s diverse capabilities in AI and 5G applications, spanning smart transportation, smart healthcare, and metaverse solutions for smart cities.
During the visit, Kaohsiung companies engaged in business matchmaking sessions with Malaysian enterprises, expanding their presence in the Southeast Asian market. Selangor State EXCO YB Ng Sze Han expressed hopes for deeper collaboration following the “Smart City Strategic Partnership Alliance” MoU signed in March last year. The visit marked a significant milestone in Taiwan–Malaysia smart technology cooperation, highlighting both cities’ commitment to innovation and sustainable urban development.
SOURCE Kaohsiung City Government
The post SDEC 2024: Team Kaohsiung Presenting New City AI Governance appeared first on HIPTHER Alerts.

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Happiest Minds positioned as a ‘Major Contender’ in Everest Group’s Cybersecurity PEAK Matrix® Assessment – North America 2024

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Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital . Born Agile’, Mindful IT Company, today announced that it has been positioned as a ‘Major Contender’ in the latest market evaluation report, Cybersecurity Services PEAK Matrix® Assessment 2024 – North America by Everest Group.
Ram Mohan C, CEO of Infrastructure Management & Security Services (IMSS), Happiest Minds, said, “Our approach to cybersecurity is strategic and holistic, integrating advanced services to address the full spectrum of threats across diverse IT environments. We have invested significantly in cybersecurity solutions, including AI-driven threat detection, Zero Trust architecture, Secure Access Service Edge (SASE), Gen AI security, quantum security, and advanced Security Operations Center (SOC) capabilities. At Happiest Minds, we continuously adapt to industry trends, embedding cybersecurity into every facet of our service delivery, innovation, and technology adoption, ensuring our customers are prepared to tackle the evolving challenges of today’s digital economy.”
Priya Kanduri, CTO of Infrastructure Management & Security Services (IMSS) and Head of Security Services, Happiest Minds, said, “This recognition highlights our strategic vision and unwavering commitment to delivering cutting-edge cybersecurity services to our customers. We have strengthened our talent pool and leveraged automation to address industry-wide skill gaps, ensuring robust and scalable security operations. Our relentless drive towards excellence in addressing the most pressing security challenges empowers us to deliver exceptional value to our customers. This accolade reinforces our perseverance in driving innovation in the cybersecurity landscape.”
The post Happiest Minds positioned as a ‘Major Contender’ in Everest Group’s Cybersecurity PEAK Matrix® Assessment – North America 2024 appeared first on HIPTHER Alerts.

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