#infrastructure-investment

#infrastructure-investment

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OpenAI released new data Monday showing enterprise usage of its AI tools has surged dramatically over the past year, with ChatGPT message volume growing 8x since November 2024 and workers reporting they're saving up to an hour daily. The findings arrive a week after CEO Sam Altman sent an internal "code red" memo about the competitive threat of Google.

The budget will include action to cut NHS waiting lists, cut debt and borrowing, and cut the cost of living to secure a strong future for the country, built on fairness and fuelled by growth. Action to keep prescription costs under 10, freeze rail fares for the first time in 30 years and increase the national minimum wage and national living wage by 1,500 and 900 respectively has already been confirmed to put more money in people's pockets at this budget.

While an element of despair is forgivable, it is imperative that the plan be given a chance to work - not least as it's the only game in town. For it to fall flat again is too horrific to contemplate. It has encouraging elements, including the recognition of the need for increased infrastructure investment to support new developments. If ministers are serious about providing a "clear and robust framework" for construction, all the better.

To get in the game, you must spend billions of dollars building data centers and buying technical gear. Once you've done that, you can rent computing power, storage, and other valuable services out to companies, governments, and developers. That revenue comes back relatively quickly, and it's profitable. You take a portion of that income and funnel it back into building more data centers and buying more gear. That makes your cloud service bigger and better, attracting more paying customers, and the circle continues.

Quinn warned that the abolition of the non-dom tax status has deterred wealthy investors, limiting funding for significant infrastructure projects in the UK.

Mary Lou McDonald stated that "the deficit in infrastructure is on you," emphasizing the critical need for a cost of living package within the Budget, highlighting rising costs including home heating oil and rents.

This welcome funding is an investment in Bexleyheath and Crayford, and an investment in our children and their future. Showing them their education matters, their futures matter.

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