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The UK government has laid out its five ambitions for the upcoming AI Safety Summit, due to be held at Bletchley Park at the start of November. In March, the UK government published a white paper outlining its AI strategy, stating it was seeking to avoid what it called "heavy-handed legislation", and will instead call on existing regulatory bodies to use current regulations to ensure that AI applications adhere to guidelines, rather than draft new laws. [Extracted from the article]

Given the scale of the industry - Britain is home to twice as many companies providing AI products and services as any other European country - Dr Gentile said that ultimately, she found the government's approach underwhelming, especially given the latest developments in AI. The UK government has today published a white paper outlining its plans to regulate general purpose artificial intelligence. In his budget earlier this month, Chancellor Jeremey Hunt announced a new AI research award which will offer £1 million per year to the company that has achieved the "most groundbreaking British AI research.". [Extracted from the article]

Artificial intelligence poses a wide range of risks, including the possibility for AI tools to produce disinformation, disrupt certain sectors of the labor market, and magnify biases that exist within the data sets systems have been trained on, according to a new discussion paper from the UK government, published ahead of its AI Safety Summit next week. The UK government hopes attendees will be able to identify areas for potential collaboration on AI safety research and showcase how ensuring the safe development of AI will enable AI to be used for good globally. [Extracted from the article]

The CMA added that the review is in line with the UK government's aim to support "open, competitive markets", as outlined in a white paper published in March. The UK's Competition and Markets Authority (CMA) has opened an initial review into the market for artificial intelligence systems, looking at the underlying foundational large language models that power chatbots such as ChatGPT alongside the opportunities and risks that AI could present. [Extracted from the article]

In a statement announcing the funding, the Department for Science, Innovation and Technology (DSIT) said that AI technology is predicted to raise global GDP by 7% over a decade, making its adoption a "vital opportunity" to grow the UK economy. The UK government has announced it will provide £100 million (US$124 million) in initial funding for a Foundation Model Taskforce, set up to support the development of secure and reliable AI models that can be used in industries such as healthcare and education. [Extracted from the article]

"As a result, the absence of an AI framework hasthe likely potential to create a more unequal and unjustsociety, enhancing the market and power asymmetries betweenthose who dominate digital tools and those who are impactedby AI technology." News In its white paper outlining its policy on AIregulation, the UK government has called for "responsibleuse" while avoiding the introduction of what it callsinnovation-stifling "heavy-handed legislation.". [Extracted from the article]

From tomorrow, the UK government is hosting the first global AI Safety Summit, bringing together about 100 people from industry and government to develop a shared understanding of the emerging risks of leading-edge AI while unlocking its benefits. While no one is under any illusions that global governments are going to suddenly announce a unified regulatory framework for AI in the aftermath of the summit, there does seem to be widespread consensus that this summit shouldn't be a "one and done" event. [Extracted from the article]

The UK's Competition and Markets Authority (CMA) has warned about the potential risks of artificial intelligence in its newly published review into AI foundation models. The CMA is just one regulator that the UK government has tasked with weighing in on the country's AI policy. [Extracted from the article]

"We have also found a lack of transparency in how AI systems work, limiting the ability of local authorities to consider the equality impact of such technologies", the EHRC said. The UK's Equality and Human Right's Commission (EHRC) has expressed concern that current proposals regarding the regulation of AI in the country are inadequate to protect human rights. [Extracted from the article]

These include $126 million in funding for a Foundation Model Taskforce, which aims to support the development of secure and reliable AI models that can be used in industries such as healthcare and education, and a new AI research award which will offer $1.2million per year to the company that has achieved the "most groundbreaking British AI research." The UK government has announced $68 million (£54 million) in new investments for the development of AI technology, including $39 million for the creation of a research and innovation ecosystem for responsible and trustworthy AI. In addition to the funding for Responsible AI UK, $16.4 million has been awarded to 13 AI projects geared to help the UK meet its net-zero carbon emissions targets, and $10 million for two new Alan Turing AI research fellowships. [Extracted from the article]