The UK government released a white paper in March titled ‘An Innovation-Driven Approach to AI Regulation’.
Following the Policy Statement on AI Governance and Regulation released in 2022, the white paper states that the UK government has no plans to regulate AI through legislation, and instead the UK Information Commissioner’s Office (ICO) is responsible for overseeing AI activities. It is stipulated that it is in in every field.
It has set a June 23 deadline for feedback on the proposal and aims to publish an AI regulatory roadmap later this year.
This stance is in stark contrast to the EU’s approach, where the bill, first proposed in April 2021, is set to be passed by member states by the end of this year.
Regulation and innovation
But will regulation stifle innovation, or will a lack of regulation and legislation allow potentially dangerous technological progress to slip through the cracks?
“It is up to all of us to be able to regulate and treat it.” [AI] It’s the same with the climate crisis, the pandemic, the nuclear issue,” Dr Patricia Scanlon, founder of Soapbox Labs and Ireland’s first government-appointed AI ambassador, said at the recent Dublin Tech Summit.
At the conference, where he delivered the opening keynote address, Dr. Scanlon said that although this was a provocative statement, “the purpose here is to provoke discussion, to convey urgency, to simply sit in glory and say: It’s about not saying anything,” he admitted. Well, let’s see what happens. “
She also likened generative AI innovation to a “revolution,” stressing that it shouldn’t be reduced to productivity tools and fads.
“There is a notion that regulation stifles innovation, and I have heard it a lot, and I think everyone agrees. I don’t think they can, because they are highly regulated areas, but people still manage to operate there.”
She continued: “Misinformation and disinformation is a big risk. We have already seen it on social media. When no one has to worry about what you want to call information, disinformation, or free speech, we end up destabilizing our own governments because of politics and the indiscriminate race of people. We use these tools because they are not regulations.”
oppose
But business leaders disagree, open letterThe document, signed by more than 150 executives from companies including , Siemens, Renault and Airbus, and Yann Lucan, chief AI scientist at Meta, said competitiveness is of paramount importance when considering the EU’s draft regulations. emphasized as one of the elements.
“In our assessment, the bill will jeopardize Europe’s competitiveness and technological sovereignty without effectively addressing the current and future challenges facing Europe,” the signatories said. writes.
“Such regulations could lead to highly innovative companies moving their activities abroad and investors withdrawing funds from the European Foundation model and the development of European AI in general. There will be significant productivity differences between the two sides.”
The impact of regulation, or the lack of regulation, remains to be seen, but the good news for those working in the tech industry is that AI promises to: 97 million new jobs By 2025.
So whether you’re looking for your next opportunity or want to pivot into a career in machine learning or AI, AltFi Job Board A great place to start your search.
Thousands of jobs are posted at companies that are actively looking to secure future profitability by embracing the latest AI innovations, including:
Senior ML Ops Engineer, Zilch UK, London
Zilch uses Senior ML Operations Engineer We take a hands-on approach to creating world-class production software. In this role, he designed the data pipelines and engineering infrastructure required to support Zilch’s enterprise machine learning systems at scale, worked with data scientists to transform offline models into real machine learning production systems, Develop and deploy scalable tools and services for processing machine learning training. and reasoning. Learn more about.
Senior Data Scientist – Chat Advisor, Cleo, London
As Senior Data Scientist At Cleo, you’ll join a team of 10 dedicated data scientists, ML engineers, and analysts with deep industry experience to build and deploy production models that developers feed directly into their products. So we will improve our current machine learning models, work on implementing and using GPT, and find opportunities to improve our models and products in Cleo’s extensive database of chat conversations. See here for a detailed job description.
Senior Director of Engineering (Liquidity), Ripple, London
What Ripple Wants senior director Lead a team of applied scientists, engineers and technical program managers to provide technical and scientific leadership in forecasting, planning, routing and risk management, as well as technical and operational excellence across engineering and machine learning systems Own and provide a roadmap to drive sexuality. You also become the program owner and are responsible for business outcomes and innovation. Please see here for the detail.
Accelerate your fintech career today through the AltFi Job Board
