Read at Center for Data Innovation
The UK government has outlined a new pathway for AI regulation, placing more responsibility on sector-specific regulators and considering future binding requirements for highly capable AI systems. However, the effectiveness of this approach depends on individual regulators and their resources.
The UK government confirmed plans to place greater responsibility on existing sector-specific regulators to oversee the development of AI but also raised the possibility of future binding requirements on the most highly capable general-purpose AI systems.
The government announced increased funding for AI, including £10 million to upskill regulators, £90 million for research hubs, and £19 million for projects developing responsible AI solutions. This funding aims to support regulators in addressing AI risks, promote research on responsible AI across various sectors, and accelerate the deployment of trusted AI technologies.
That is a lot of new funding for AI, with a sizable amount going to regulators and developing practical tools to monitor and address sector-specific AI risks.