UK announces over £100M to support ‘agile’ AI regulation - Artificial Intelligence - NewsUK announces over £100M to support ‘agile’ AI regulation - Artificial Intelligence - News

UK Government Invests Over £100 Million in ai Regulation Support

[rt_custom_text]The UK government has announced a significant investment of over £100 million to support an “agile” approach to ai regulation, addressing the risks and opportunities of ai across various sectors. This move comes at a crucial time when 91% of British people believe that government regulations must hold businesses accountable for their ai systems more effectively.Key Initiatives and Funding

[*] £10 million to prepare and upskill regulators addressing risks and opportunities of ai across sectors like telecoms, healthcare, and education.
[*] Nearly £90 million for the launch of nine new research hubs across the UK and a US partnership focused on responsible ai development.
[*] £2 million in funding to support projects defining responsible ai across sectors like policing, with 56% of the public wanting improved user education around ai.

Government’s Context-Based Approach to Regulation

[rt_custom_text]The UK government has outlined its context-based approach to regulation, empowering existing regulators to address ai risks in a targeted way while avoiding rushed legislation that could stifle innovation. This approach aims to strike a balance between safely harnessing ai’s potential economic and societal benefits with a focused regulatory strategy.Public Opinion on ai Regulation

[rt_custom_text]A recent government response revealed the public’s desire for more transparency in ai regulation, with 82% of consumers favoring businesses that proactively communicate their regulatory approach to general ai. However, 30% of the public still expresses skepticism about increased ai regulation.UK’s Position as a Leader in Safe ai Innovation

[rt_custom_text]The government aims to cement the UK’s position as a pioneer in safe ai innovation by providing large-scale funding and initiatives that support an agile, sector-specific approach to ai regulation. This move aims to address public concerns while paving the way for the country to reap the benefits of ai safely.Challenges and Roadblocks

[rt_custom_text]With the adoption of ai comes new challenges, such as roadblocks encountered by businesses in the UK that have adopted ai. In a recent survey, 43% of respondents admitted that ai governance is the main obstacle, followed closely by ai ethics (42%).Global Demand for ai Regulation Growing

[rt_custom_text]As demand for greater ai regulation increases globally, businesses in the UK are increasingly looking to address challenges and navigate new obstacles. Half (52%) of UK businesses are already working on generative ai, above the global average of 45%.

By Kevin Don

Hi, I'm Kevin and I'm passionate about AI technology. I'm amazed by what AI can accomplish and excited about the future with all the new ideas emerging. I'll keep you updated daily on all the latest news about AI technology.