Speeches by Grady.

“Because the clock is running on, could you each name three groups that you think are under-represented in the discussion about AI, and three topics I should be thinking about in terms of what needs to be regulated in AI and financial services? I’m afraid I am not offering a price for the shortest answer, but I would ap…”

“You make an important point. Professor Wachter, this traverses grounds you have discussed in terms of the nature of consultation and how regulation is formulated. Does it remain your position that legislators and regulators are not talking to all the right people here?”

“Professor Lawrence, to pick up on some of your earlier comments, I would like to explore the core task of financial services regulation in the context of AI. One of the core tasks of regulation here is to regulate against overconfidence, animal spirits and the punch bowl. You said that artificial general intelligence i…”

“Thank you very much. Professor Wachter, what are your three under-represented groups and three issues we should be looking at? Please be as short as possible—imagine I have the attention span of a gnat, which is correct.”

“I welcome today’s announcement and in particular the focus on housing and transport, because Glasgow has a real housing crisis. In my constituency, the busy Bridgeton train station does not even have lifts for disabled people. All taxpayers are concerned about value for money, particularly given the huge overspend and …”

“You have investment from the SNIB, the Scottish National Investment Bank. Is there anything that the National Wealth Fund should learn from that organisation?”

“This is for Mr Chambers— it is lovely to see you here. Despite being in one of the leading space companies in Europe, your written evidence sets out that you struggled to access long-term investment. Why?”

“I have a quick question, because time is marching on—there is a lot of love in this Committee, isn’t there? Mr Thomas, in an earlier session we talked about the risk of the National Wealth Fund coming in for a real kicking if investments do not work out and so on. Another risk that strikes me is that the National Wealt…”

“Looking at learning about the potential criticisms of the National Wealth Fund, Ian Hogarth, who is a tech investor in the UK, has written about the fact that failure is very important as well. Failure means you become a more successful founder. So do you think there is a risk that, in having autopsies on what has gone…”

“My final question picks up on your metaphor of a valley of death. The risk for a National Wealth Fund or anything of this type is that it is criticised for making investments that do not work out. One risk might be as follows, and I am interested in your views on it: when people are looking at what went wrong with inve…”

“You have received £20 million from the UK Government directly. Given what you said about SpaceX and this valley of death that companies at this stage inhabit, is equity funding the right way to go, or do we need to look at more grant funding?”

“You have investment from the SNIB, the Scottish National Investment Bank. Is there anything that the National Wealth Fund should learn from that organisation?”

“Do you think the National Wealth Fund, from what you have seen of it, is the answer to the issue that you have posed?”

“This is for Mr Chambers— it is lovely to see you here. Despite being in one of the leading space companies in Europe, your written evidence sets out that you struggled to access long-term investment. Why?”

“I have a quick question, because time is marching on—there is a lot of love in this Committee, isn’t there? Mr Thomas, in an earlier session we talked about the risk of the National Wealth Fund coming in for a real kicking if investments do not work out and so on. Another risk that strikes me is that the National Wealt…”

“Just to make sure I have understood this properly, let me summarise that chapter of evidence. I think you are saying that the National Wealth Fund is great, but when you have got your board paper or you are doing an investment agreement, you have got your conditions precedent and you will not release the money and comp…”

“Dame Harriett, on this chapter of questions, I am mindful that I have read a lot about it, but Mr Glen might have some questions—and he has actually done a lot of it.”

“You have investment from the SNIB, the Scottish National Investment Bank. Is there anything that the National Wealth Fund should learn from that organisation?”

“Do you think the National Wealth Fund, from what you have seen of it, is the answer to the issue that you have posed?”

“This is for Mr Chambers— it is lovely to see you here. Despite being in one of the leading space companies in Europe, your written evidence sets out that you struggled to access long-term investment. Why?”