The text of the memorandum of understanding says the UK and OpenAI will "improve understanding of capabilities and security risks, and to mitigate those risks". It also says that the UK and OpenAI may develop an "information sharing programme", adding that they will "develop safeguards that protect the public and uphold democratic values". OpenAI chief executive Sam Altman said the plan would "deliver prosperity for all". "AI is a core technology for nation building that will transform economies and deliver growth," he added. The deal comes as the UK government looks for ways to improve the UK's stagnant economy, which is forecast to have grown at 0.1% to 0.2% for the April to June period.