UK won’t regulate AI anytime soon, minister says

Key Takeaways:

– The UK does not plan on introducing AI regulation in the near future, unlike the EU and China.
– The UK government is concerned that regulation could hinder growth and innovation.
– The UK aims to transform itself into an AI-enabled country and economy.
– Officials have emphasized the need for a pro-innovation approach to AI.
– The UK has established an AI taskforce and has secured early access to models from big tech companies.
– The EU, US, and China are moving towards stricter AI regulation.
– It is unclear whether the UK’s lax regulatory environment will strike the right balance.

The Next Web:

The UK doesn’t plan on introducing AI regulation anytime soon — in contrast to the EU’s and China’s strict legislation efforts.

During a Financial Times conference on Thursday, the country’s first minister for AI and intellectual property, Viscount Jonathan Camrose, confirmed government concerns over regulation curbing growth and said that a UK law on artificial intelligence won’t be coming “in the short term.”

While he refrained from critising other nations’ approaches, he noted that “there is always a risk of premature regulation,” which could do more harm than good by “stifling innovation.”

The statements come as no surprise and are on par with the UK’s overall vision to transform itself into an AI-enabled country and economy.

In a white paper published in March, officials already put forward a clear, pro-innovation agenda, noting that a heavy-handed and rigid approach would slow AI adoption.

“To ensure we become an AI superpower, it is crucial that we do all we can to create the right environment to harness the benefits of AI and remain at the forefront of technological developments,” Michelle Donelan, Secretary of State for Science, Innovation and Technology, wrote in the paper. “That includes getting regulation right so that innovators can thrive and the risks posed by AI can be addressed.”

The UK has also introduced a designated AI taskforce to boost the development of foundation models, while Rishi Sunak has been bedding with big tech and has secured “early access” to the models of DeepMind, OpenAI, and Anthropic.

Meanwhile, the EU, the US, and China are moving closer to overreaching, risk-based legislation. It remains to be seen whether the UK’s intended lax regulatory environment can strike the right balance — especially amidst recurring calls to ensure regulatory safeguards before it’s too late.

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AI Eclipse TLDR:

The UK has no plans to introduce AI regulation in the near future, in contrast to the EU and China’s strict legislation efforts. The country’s first minister for AI and intellectual property, Viscount Jonathan Camrose, expressed concerns that regulation could hinder growth and innovation. This aligns with the UK’s vision to become an AI-enabled country and economy. In a white paper published in March, officials emphasized a pro-innovation approach, stating that heavy-handed regulation would impede AI adoption. The UK has also established an AI taskforce to boost the development of foundational models. Meanwhile, the EU, US, and China are moving towards more comprehensive legislation. It remains to be seen if the UK’s lax regulatory environment can strike the right balance, especially considering calls for regulatory safeguards.