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However, according to Pensana's founder and chairman, Paul Atherley, this contribution – actually £5m - was "nowhere near enough", and the Treasury proved unwilling to contribute more.
"We're nowhere near the kind of kumbaya moment that was projected."
In reality, AI development is more capital intensive, suggesting “the future profitability of AI products may be nowhere near as high as the profitability that a company like Apple enjoyed through the smartphone rollout boom,” he writes.
California has the highest home prices in the nation, and incomes are nowhere near sufficient for a typical family to purchase a house or condo.
"The scientific community says AI technology is amazing," she adds, "but it's nowhere near human intelligence."
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