UK will legislate against AI risks in next year, pledges Kyle

finance
Created 11/6/2024
Updated 11/6/2024

The UK plans to legislate AI safeguards within the next year, making voluntary agreements with AI developers legally binding, according to Science Secretary Peter Kyle. The new AI bill will give the AI Safety Institute greater independence and focus on regulating advanced "frontier" models like ChatGPT. Kyle also pledged to boost UK computing infrastructure, reversing prior government cuts to AI investments, and hinted at private sector partnerships to fund sovereign AI systems. Meanwhile, the UK’s competition watchdog aims to balance regulation with fostering AI innovation, positioning Britain as a global tech leader.

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