CMA sets out principles for responsible AI development 

The Competition and Markets Authority (CMA) has set out its principles to ensure the responsible development and use of foundation models (FMs).

FMs are versatile AI systems with the potential to revolutionise various sectors, from information access to healthcare. The CMA's report, published today, outlines a set of guiding principles aimed at safeguarding consumer protection and fostering healthy competition within this burgeoning industry.

Foundation models – known...

19 September 2023 | Artificial Intelligence

Is Europe killing itself financially with the AI Act?

Europe is tinkering with legislation to regulate artificial intelligence. European regulators are delighted with this, but what does the world say about the AI Act?

Now the outlines for the AI Act are known, a debate is beginning to erupt around its possible implications. One camp believes regulations are needed to curb the risks of powerful AI technology, while the other is convinced that regulation will prove pernicious for the European economy. Is it out of the...

18 September 2023 | Legislation & Government

UK to pitch AI’s potential for international development at UN

The UK is pitching its vision for leveraging AI’s potential to accelerate development in the world's most impoverished nations during the UN General Assembly (UNGA).

The vision was set out by UK Foreign Secretary James Cleverly and calls upon international partners to collaborate and coordinate their efforts in harnessing AI for development in Africa and making progress towards the UN's Sustainable Development Goals.

As part of its efforts, the UK is launching the 'AI...

18 September 2023 | Artificial Intelligence

UK’s AI ecosystem to hit £2.4T by 2027, third in global race

Projections released by the newly launched Global AI Ecosystem open-source knowledge platform indicate that the UK's AI sector is set to skyrocket from £1.36 trillion ($1.7 trillion) to £2.4 trillion ($3 trillion) by 2027. The findings suggest the UK is set to remain Europe's AI leader and secure third place in the global AI race behind the US and China.

The Global AI Ecosystem platform is developed with support from AI Industry Analytics (AiiA) and Deep Knowledge Group....

7 September 2023 | Artificial Intelligence

UK government outlines AI Safety Summit plans

The UK government has announced plans for the global AI Safety Summit on 1-2 November 2023.

The major event – set to be held at Bletchley Park, home of Alan Turing and other Allied codebreakers during the Second World War – aims to address the pressing challenges and opportunities presented by AI development on both national and international scales.

Secretary of State Michelle Donelan has officially launched the formal engagement process leading up to the summit....

4 September 2023 | Artificial Intelligence

‘UK AI Week in Bangkok’ showcases innovation and collaboration

The inaugural ‘UK AI Week in Bangkok’ was hosted by the British embassy to foster discussions on AI governance and applications.

Held between 15-18 August, the four-day event served as a dynamic platform to spotlight the country’s AI prowess and strengthen the growing partnership between the UK and Thailand.

The week kicked off with a high-level policy roundtable on 15th August at the Eastin Grand Hotel Phayathai, where esteemed experts and policymakers from both...

21 August 2023 | Artificial Intelligence

UK Deputy PM: AI is the most ‘extensive’ industrial revolution yet

Britain's Deputy Prime Minister Oliver Dowden has shared his view that AI will be the most “extensive” industrial revolution yet.

Dowden highlighted AI's dual role, emphasising its capacity to augment productivity and streamline mundane tasks. However, he also put the spotlight on the looming threats it poses to democracies worldwide.

in an interview with The Times, Mr Dowden said: “This is a total revolution that is coming. It’s going to totally transform almost...

14 August 2023 | Artificial Intelligence

UK commits £13M to cutting-edge AI healthcare research

The UK has announced a £13 million investment in cutting-edge AI research within the healthcare sector.

The announcement, made by Technology Secretary Michelle Donelan, marks a major step forward in harnessing the potential of AI in revolutionising healthcare. The investment will empower 22 winning projects across universities and NHS trusts, from Edinburgh to Surrey, to drive innovation and transform patient care.

Dr Antonio Espingardeiro, IEEE member and software and...

10 August 2023 | Artificial Intelligence

AI regulation: A pro-innovation approach – EU vs UK

In this article, the writers compare the United Kingdom’s plans for implementing a pro-innovation approach to regulation (“UK Approach”) versus the European Union’s proposed Artificial Intelligence Act (the “EU AI Act”).

Authors: Sean Musch, AI & Partners and Michael Borrelli, AI & Partners

AI – The opportunity and the challenge

AI currently delivers broad societal benefits, from medical advances to mitigating climate change. As an example, an AI...

31 July 2023 | Artificial Intelligence

Google report highlights AI’s impact on the UK economy

A new report by Google emphasises that AI represents the most profound technological shift of our lifetime and has the potential to significantly enhance the UK's economy.

The report suggests that by 2030, AI could boost the UK economy by £400 billion—leading to an annual growth rate of 2.6 percent.

Steven Mooney, CEO of FundMyPitch, commented:

“If AI is projected to bring billions to the UK economy, then why on earth aren’t our start-ups and SMEs...

5 July 2023 | Artificial Intelligence