US x UK deals, AI Guidelines, DOGE thoughts
Man I love procurement right now
Hey Procurement Legend,
how are you doing?
I’m going to bring you some procurement stories this week that you might not even be aware of.
Check them out here.
I’m excited that we’re releasing two big new products at Gatekeeper next week. A lot of my time has been spent on these behind the scenes.
P.S thank you to all the new Paid Subscribers. As a reminder, the content I pull together for you is free. But this money helps me buy coffee that fuels my research and writing time (usually super early in the morning) 🙏☕️
The US has approved a $70 million sale of the Tactical Combat Training System to the UK, aimed at enhancing training capabilities for the British Army, Royal Air Force, and Royal Navy.
A significant agreement was announced between UK medical device companies and Medical Alley in the US, potentially benefiting UK firms in the life sciences sector.
The US State Department has approved a potential Foreign Military Sale to the UK for a High Gain Measurement System, with an estimated cost of $125 million.
The Office of Management and Budget's AI procurement guidelines for 2024 emphasise strategic collaboration, risk management, and market competition in AI acquisition. They mandate privacy safeguards, clear identification of AI use cases, and outcomes-based procurement strategies. The guidelines aim to balance innovation with ethical considerations, focusing on mitigating risks to rights and safety, promoting transparency, and ensuring interoperability to avoid vendor lock-in.
3 Business Stories I was interested in
Elon Musk Heads New "DOGE" Government Agency: Elon Musk has been appointed to lead the U.S. Department of Government Efficiency, nicknamed "DOGE", aiming to streamline government operations and reduce inefficiencies. I’d love to see this approach in the UK. Our Civil Service is full of bloat.
Amazon Buys MGM: Amazon finalised its $8.45 billion acquisition of MGM, adding classics like James Bond to Prime Video, strengthening its position in the streaming market.
3. Ongoing Chip Shortage: The global semiconductor shortage continues to affect car makers and tech companies, with no quick resolution expected, highlighting supply chain vulnerabilities
Thanks for reading
Daniel