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support of innovation. and when the moment came, it was this government that acted to rescue silicon valley bank. so today i am proud to announce the launch of hsbc innovation banking, the most significant global tech bank, combined with hsbc s firepower and headquartered here in the uk. and of course, is the uk where google chose to bring together its entire ai division, underthe to bring together its entire ai division, under the leadership of a brit at google the mind. and if our goal is to make this country the best place in the world for tech, ai is surely one of the greatest opportunities before us. as chancellor, i doubled the number of ai scholarships, because even back then i recognise the potential of ai as a general purpose technology. with most things in life, the more you learn about them, the less

Silicon valley bankS firepowerInnovation bankingSignificant global tech bankAi divisionGlobal aiAland social about the technology and mediaIsn tjust innovate