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

SEC turns its gaze from crypto to AI

US Securities and Exchange Commission (SEC) chairman Gary Gensler has announced a shift in focus from cryptocurrency to AI.

Gensler, who has been vocal about the risks and challenges posed by the cryptocurrency industry, now believes that AI is the technology that "warrants the hype" and deserves greater attention from regulators.

Gensler’s interest in AI dates back to 1997 when he became intrigued by the technology after witnessing Russian chess grandmaster Garry...

4 August 2023 | Applications

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

AI Act: The power of open-source in guiding regulations

As the EU debates the AI Act, lessons from open-source software can inform the regulatory approach to open ML systems.

The AI Act, set to be a global precedent, aims to address the risks associated with AI while encouraging the development of cutting-edge technology. One of the key aspects of this Act is its support for open-source, non-profit, and academic research and development in the AI ecosystem. Such support ensures the development of safe, transparent, and accountable AI...

26 July 2023 | Artificial Intelligence

Assessing the risks of generative AI in the workplace

Amid the exponential growth of generative AI, there is a pressing need to evaluate the legal, ethical, and security implications of these solutions in the workplace.

One of the concerns highlighted by industry experts is often the lack of transparency regarding the data on which many generative AI models are trained.

There is insufficient information about the specifics of the training data used for models like GPT-4, which powers applications such as ChatGPT. This lack...

17 July 2023 | Applications

Beijing publishes its AI governance rules

Chinese authorities have published rules governing generative AI which go substantially beyond current regulations in other parts of the world.

One notable requirement is that operators of generative AI must ensure that their services adhere to the core values of socialism, while also avoiding content that incites subversion of state power, secession, terrorism, or any actions undermining national unity and social stability.

Generative AI services within China are...

14 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

NHS receives AI fund to improve healthcare efficiency

NHS staff will soon have access to advanced AI technology to enhance the speed and accuracy of patient diagnosis and treatment, thanks to a new £21 million fund.

The AI Diagnostic Fund will allow NHS Trusts to apply for funding to expedite the deployment of AI imaging and decision support tools, particularly for diagnosing conditions such as cancers, strokes, and heart conditions.

The Health and Social Care Secretary, Steve Barclay, has also pledged to implement AI...

23 June 2023 | Applications

Stephen Almond, ICO: Prioritise privacy when adopting generative AI

The Information Commissioner's Office (ICO) is urging businesses to prioritise privacy considerations when adopting generative AI technology.

According to new research, generative AI has the potential to become a £1 trillion market within the next ten years, offering significant benefits to both businesses and society. However, the ICO emphasises the need for organisations to be aware of the associated privacy risks.

Stephen Almond, the Executive Director of Regulatory...

15 June 2023 | Applications