UK's $125M AI chip investment not enough to keep pace in tech race, experts warn: 'Go big or go home'

Fox News host Bret Baier has more on U.S. and its allies efforts to increase semiconductor manufacturing on'Special Report.' The United Kingdom has pledged to spend 100 million pounds (or $125.8 million) on buying and developing computer chips necessary for artificial intelligence (AI) systems in a move that seeks to cement Britain as a global leader in the sector, but experts worry it is not enough to match the competitive market. "The U.K. has a valuable perspective on AI development – sitting between the U.S. free-for-all position and the EU regulatory approach – that makes it the perfect venue for the first international AI global safety conference," Alan Mendoza, co-founder and executive director of the Henry Jackson Society, told Fox News Digital. British Prime Minister Rishi Sunak plans to build thousands of high-powered artificial intelligence chips, building on a deal struck between the U.K. and U.S. during his state visit in June when he and President Biden signed the "Atlantic Declaration." The White House touted the agreement as something that would ensure that the "unique alliance is adapted, reinforced and reimagined for the challenges of this moment," including the "handful of critical and emerging technologies" such as AI that are "forming the backbone of new industries and shaping our national security landscape."