Thank you for that.
IP is interrelated with AI and AI sovereign computing and data. It's also related to standard setting.
We have made ourselves low participants in the value chain—a commodity country. That, in parallel, has made us vulnerable to predation and leverage. We've painted ourselves into this corner because of inattention.
The number one thing I would say—I've written about and advocated for this for a long time—is that the PCO or the PMO has to create an economic council or secretariat with expertise in this realm. It's a technical realm. We spend $7.5 billion every year on research with absolutely no strategies to capture the benefit of that. We've had no strategies for data in the past 15 years of the data economy. We've had no strategic participation in these standard economies. This is Pogo: I've seen the enemy; the enemy is us.
My one recommendation is to build expert capacity, whether it's with an economic council or a secretariat in the PCO, so we can begin to catch up to what other nations have been doing for 25 years.