Pilot scheme to give businesses advice on AI regulation

AI For Business


A new online hub has been launched to help AI developers access informal advice on how to properly develop and release AI models.

The government-funded AI and Digital Hub, which was initially launched as a pilot scheme and has received around £2m of funding, will bring together guidance from four regulators on how to navigate the regulatory environment.

It is produced by the Digital Regulatory Cooperation Forum (DRCF), a group of the four main regulators relating to AI: the Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA) and the Information Commissioner's Office (ICO). It has been. and Ofcom.

The Department of Science, Innovation and Technology (DSIT) said the new hub will make it easier for companies to get the support they need to bring AI technologies to market responsibly and faster, which in turn will lead to economic growth. . .

As outlined in the first AI White Paper published last year, governments are using existing regulatory bodies to regulate artificial intelligence within their own fields, rather than creating new central regulators specifically for emerging technologies. I have chosen to take on the role of monitoring usage.

Ministers claim this is a more agile approach to the issue.

Technical Secretary Michelle Donnellan said the hub plan would help further refine that approach.

“AI innovation is already transforming the way we tackle and diagnose diseases like cancer, improving public services and increasing productivity. It is the defining technology of our generation,” she said. Ta.

“Through AI and the Digital Hub, we can bring together breakthrough innovators and expert regulators to streamline the process of harnessing the incredible potential of technology.

“Our regulatory approach to AI is centered around innovation, and this pilot scheme will play an important role in refining that approach now and in the coming years.”

DSIT said the hub pilot scheme would run for 12 months, with a decision on its long-term future expected in 2025.



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