AI can be ‘force for good’ but needs regulation, says Keir Starmer June 26, 2023 Artificial intelligence (AI) can be a “force for good”, Sir Keir Starmer has told a UK-India summit in Westminster. The Labour leader said the invention was an “incredible form of technology” being developed “at pace” – but that the UK needed to develop regulations to monitor its application. Speaking at the UK India week 2023 [...]
What we were able to change with the Financial Services and Markets Bill – part one June 26, 2023 In the first of a three part series, Lord Holmes of Richmond highlights improvements to the Financial Services and Markets Bill.
Why Abakar Saidov is backing the future of UK tech June 22, 2023 Tech entrepreneur Abakar Saidov tells Charlie Conchie why the UK is the place for him Billion-dollar artificial intelligence (AI) firm Beamery is not the Saidov brothers’ first business venture. When the pair left Russia in the mid-90s with their parents, they lied about their age to get a paper round before investing the profits in [...]
We can’t base artificial intelligence laws off of the risks we only imagine to be real June 21, 2023 We’ve heard endless calls to ‘do something’ on artificial intelligence, but politicians are still basing their thinking on the risks they assume to be real, not the ones we know about, writes James Boyd-Wallis. Last week, Rishi Sunak said he wants to balance safety and innovation to realise the potential of artificial intelligence. But to [...]
UK must balance innovation with safety to help firms adopt AI, tech bosses say June 19, 2023 The UK must not let safety concerns about the use of artificial intelligence (AI) fall by the wayside as it pushes for a pro-innovation model for regulating the technology, tech bosses have warned. Chancellor Jeremy Hunt has reportedly told ministers to speed up the adoption of AI across the private and public sector, including the [...]
There’s no time for us to dither on creating sensible rules for artificial intelligence tech June 19, 2023 From artificial intelligence to fintech, we must go further. Competition is fierce, so we need flexible but strong rules to ensure innovative companies can prosper in the UK in both fields, writes Nicholas Lyons
UK businesses face regulatory minefield as EU votes in new Artificial Intelligence Act June 18, 2023 UK businesses must brace themselves to adhere to new EU artificial intelligence (AI) standards if they plan to trade in the bloc, lawyers and industry experts have said. It comes as members of the European Parliament voted overwhelmingly last week to adopt the Artificial Intelligence Act, which aims to encourage “human-centric and trustworthy” AI. Tamara [...]
Sangakkara: Sri Lanka have positive Test cricket future under ex-England coach Silverwood June 16, 2023 Former Sri Lanka captain Kumar Sangakkara has called on his former team to find a way to play more Tests, and encourages cricket fans to embrace new technologies. The 45-year-old played 134 Tests between 2000 and 2015 for The Lions and is widely seen as one of the best Sri Lankan cricketers of all time. [...]
Britain’s music industry could be crushed by artificial intelligence if we don’t get it right June 16, 2023 Rishi Sunak called the creative industries one of the key growth sectors for the UK, but how we deal with artificial intelligence will be a game changer for the music industry, writes Sophie Jones.
Wall Street: Stocks up as US winning streak kicks into a higher gear June 16, 2023 US stocks swept higher on Thursday, revving the longest rally for Wall Street in a year and a half into a higher gear. The S&P 500 rallied 1.2 per cent to reach heights untouched since April 2022. The Dow Jones Industrial Average climbed 428 points, or 1.3 per cent, while the Nasdaq composite rose 1.1 [...]