On Thursday, the United States and the United Kingdom signed a memorandum of understanding to jointly develop artificial intelligence, nuclear energy, telecommunications, and quantum computing technologies for a wide range of applications, including space travel, military defense, targeted biomedical drugs, and medical procedures.
This memorandum of understanding is not legally binding and will not alter any existing agreements between the two countries. It proposes joint research initiatives between numerous government departments and agencies of both nations to explore these emerging technologies.
According to the memorandum, the two countries will establish a working group to develop quantum computing hardware, software, algorithms, and interoperability standards.
Quantum computing has become a topic of great concern in the cryptography community, as sufficiently powerful quantum computers could break modern encryption standards, which are central to the existence of cryptocurrencies.
The US and UK will also explore the construction of 6G mobile communication networks as part of their technological research and development efforts.
US President Donald Trump promoted the positive impact of this collaboration on investment across various industrial sectors during a press conference with UK Prime Minister Keir Starmer on Thursday. Trump stated:
Last year, there was $17 trillion invested in the US, and the country is trying to dominate the global race in artificial intelligence, digital technology, and high-performance computing systems.
"The world is at the dawn of a golden age of nuclear energy," the White House statement said on Thursday.
The two countries will collaborate to develop and deploy "advanced" nuclear power plants, including nuclear fusion reactors, to end reliance on foreign fuel and strengthen energy supply chains.
Nuclear fusion is the opposite process of nuclear fission or atomic splitting, which was pioneered in the 1940s and used in atomic weapon systems.
Nuclear fusion pushes atoms together to produce energy, which is much safer than nuclear fission. The radiation released by nuclear fusion reactors is significantly less and does not pose the same catastrophic meltdown risks as traditional nuclear fission reactors.
Advanced nuclear reactors can provide larger amounts of energy, which is crucial for energy-intensive artificial intelligence and high-performance computing applications.
However, abundant energy could also undermine the proof-of-work (PoW) mining algorithms used to secure certain cryptocurrencies.
If energy becomes so abundant and production costs are low, the barriers imposed by proof-of-work could deteriorate, allowing malicious actors to attack PoW protocols through spam transactions and 51% attacks.
The US and UK will establish "department-level working groups" within the next six months and begin collaborating on research and development during annual meetings.
However, the White House also clarified that the memorandum of understanding will not "create any legally binding obligations," and neither country is obligated to spend any funds or alter existing agreements on these initiatives.
Related: Opinion: Criticizing Bitcoin (BTC) for its lack of returns is actually showcasing your "Western financial privilege."
Original: “US and UK to Collaborate on AI, Quantum Computing, Nuclear Energy Development”
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