Can you remember what you thought was important ten years ago? It wouldn’t have included Nvidia and Open AI.

Where the money goes for the data centers to make artificial intelligence advance is becoming clear. The money is going to Nvidia, a few of its rivals in the States , a couple of rivals such as Deep Mine in China and some of it is getting to Britain.

Britain, it seems, has the capacity to do more than just be a warehouse soaking up power and water to keep the data under control, we are attracting attention because of our universities and maybe we will get some evacuation from America because of political misbehaviour (visas are going to be expensive to work in America in tech). I’d like to think that our deep heritage with India will pay dividends in the next ten years.

But for two reasons , technology matters for UK pensions. The first is that the explosion in value of firms that are on the right side of the road drives up DC pots , so long as they are invest aggressively for growth

In case there are shouts of stock market bubbles, this growth is based on actual revenues not just projected revenues

So if British pensions can invest in Britain becoming an AI superpower, which those I talk to think it could and should, then much of the problems Rachel Reeves and Torsten Bell have with Britain’s finances, can catch a lift on AI’s jet liner.

Of course we have relationships to tend. The stars of today are upon us!  Huang and Altman are American but seem to want to do business in the UK.

Nvidia’s Jensen Huang, left, and Sam Altman of OpenAI.

Nvidia, valued at $4.3tn, pledged to make the tech industry’s largest private investment into OpenAI, spending up to $100bn to fund new computing power.

As the last remaining founder-chief executive of a major tech company from before the dotcom era, Nvidia’s Jensen Huang is leveraging his commanding position in Silicon Valley like never before to ensure the AI boom endures — and his chipmaker remains at its centre.

It seems from Donald Trump’s visit, that American technology is admiring of British research. I see eyes opening at events I go to to how capital can redeployed from British Pension Funds (ongoing DB and large DC) to meet the capital demands of our technology firms and those which would like to be British.

We are a very long way from 2015 and I suspect we will move as far in the next ten years. Ten years ago we were recovering from a financial crisis and in ten years we will either be a technology superpower or have missed the boat.

I look at some of the technology wonders which pension thinks it has and wonder if our pension dashboard may not be on the point of being left behind by a new technology intelligent enough to find pension rights and merge pension pots  and pay pensions to us when we need the money, how we need that money paid.

This is the third benefit to pensions. When we get to benefiting from ownership of the firms , of benefiting the country we could be using this hot technology to make sure our lives are a lot easier in the second half of this century! I will be verging 90 by 2050 but the next generation will be considering the later stages afresh and their children will have fresh prospects.

The past is  helpful in reminding us it seldom predicts the future, it reminds us that we must be open to the new ideas that are upon us!