As we approach a fourth transformation (according to Robert Scoble and Shel Israel it's How Augmented Reality and Artificial Intelligence Will Change Everything), we face some challenges and questions. I cannot see into the future so its pointless prognosticating. Others far more knowledgable have done and at least concluded that No, the Experts Don't Think Superintelligent AI is a Threat to Humanity. Nevertheless it's safe to say that software is already eating the world and robots and AI are going to play a massive role. I am writing my next trend report on a related subject (post on that here) but am deeply embedded in the here and now.

The Chancellor Philip Hammond said the funds would "keep the UK at the forefront of disruptive technologies". However, the funding was criticised as inadequate by some in the industry, who pointed out that it can cost hundreds of millions of pounds to develop one technology alone. "While of course any investment in our technology industry is welcome, a leading world economy like the UK should be more decisive in its efforts to boost the development of disruptive technologies," said Alfonso Hernandez, the chief executive of language software firm SDL. "A £270m pot to cover everything from artificial intelligence, robotics, driverless cars and new biotech isn't big when you put it into context. The US spent more than $1bn (£820m) on R&D in AI-related technologies alone in 2015. For the UK to be a true global leader in these areas, we must be prepared to provide adequate funding and support."