UK Government adopts cautious approach to AI regulation

The UK Government is taking a cautious approach when it comes to regulating artificial intelligence (AI). Technology minister Viscount Camrose has stressed the need for a “deeper understanding of the specific risks” before proposing new laws. This comes as peers in the House of Lords push for the support of the Artificial Intelligence (Regulation) Bill, which aims to establish an AI Authority to regulate the sector and monitor potential risks.

Lord Holmes of Richmond, the Conservative peer who tabled the Bill, believes it is time to legislate and lead in the field of AI. He highlights the impact AI is already having on the UK’s economy, particularly in areas such as creativity and intellectual property. The Bill emphasizes the importance of security, fairness, accountability, and transparency in AI regulation.

While the Government acknowledges the need for AI regulation, it prefers a non-statutory approach, allowing for “critical adaptability.” However, Viscount Camrose assures that the Government is not ruling out new laws in the future. He believes that the current approach is appropriate, as it allows for a comprehensive assessment of the benefits and risks of AI technology before enacting legislation.

Some peers, like Lord Empey, express concerns about a potential loss of momentum on the issue of AI regulation. They believe that without a clear legislative framework, the UK may fall behind the European Union, which has already set out its plan for AI regulation. Viscount Camrose reassures that the UK remains committed to being a world leader in AI and cites the UK’s co-hosting of the upcoming AI Seoul Summit as evidence of ongoing progress.

In conclusion, the UK Government is taking a measured approach to AI regulation, emphasizing the importance of a thorough understanding of the risks involved. While some peers argue for more immediate legislation, the Government believes that waiting for the right moment for judicious and sector-specific legislation is crucial. The Artificial Intelligence (Regulation) Bill is moving forward in the legislative process and will soon be considered in the House of Commons.