Funds are being allocated to establish nine new research hubs throughout the UK, alongside a collaboration with the US on responsible AI. Credit: RistoArnaudov/istock Amid growing concerns about the adverse effects of AI, the British government has announced a $125 million (£100 million) investment to support regulators and advance research and innovation in AI. Close to $113 million (£90 million) is being allocated to establish nine new research hubs throughout the UK, alongside a collaboration with the US on responsible AI. These hubs will bolster UK expertise in AI, applying the technology in the fields of healthcare, chemistry, and mathematics. “AI is moving fast, but we have shown that humans can move just as fast,” Secretary of State for Science, Innovation, and Technology, Michelle Donelan, said in a statement. “By taking an agile, sector-specific approach, we have begun to grip the risks immediately, which in turn is paving the way for the UK to become one of the first countries in the world to reap the benefits of AI safely.” The announcement comes as $12.5 million (£10 million) has been earmarked to equip regulators with the necessary training and skills to navigate the challenges and seize the opportunities presented by this critical technology. Many countries worldwide are grappling with the challenges of regulating AI without hindering growth and development. Some measures already in place The UK government’s statement further noted that some regulators have already initiated measures. For example, the Information Commissioner’s Office has revised its guidance to clarify the application of stringent data protection laws to AI systems that handle personal data, emphasizing the importance of fairness. Additionally, it has maintained its oversight role by enforcing compliance, including the issuance of enforcement notices to organizations. “However, the UK government wants to build on this by further equipping them for the age of AI as use of the technology ramps up,” the statement read. “The UK’s agile regulatory system will simultaneously allow regulators to respond rapidly to emerging risks while giving developers room to innovate and grow in the UK.” To enhance transparency and build trust among British businesses and the public, leading regulators, including Ofcom and the Competition and Markets Authority, have been instructed to outline their AI management approaches by April 30. The advantage of leveraging existing laws The UK is relying on its existing legal framework to regulate AI in areas that affect a lot of people, such as employment, pointed out Adam Leon Smith, an AI expert from BCS, The Chartered Institute for IT. However, even with “old-fashioned” AI, the country needs to balance the risks with the opportunities. “It is, therefore, right that the government moves to fund and empower those existing regulators with the tools they need to do their job,” Smith said. “We also need to remember that this future will be shaped by AI professionals. Managing the risk of AI and building public trust will be most effective when the people creating it are professionally registered and accountable to clear standards.” The government’s statement also contained comments from several major tech companies including Microsoft and Google, all of whom welcomed the latest steps taken. Related content news Boomi burnishes API management capabilities The launch version of the framework comes with four agents — Boomi Answers, Boomi DesignGen, Boomi DataDetective, and Boomi Scribe. By John Leyden May 10, 2024 4 mins APIs PaaS feature TIAA modernizes the customer journey with AI The financial services organization overhauled its customer service operations, weaving together machine learning models, generative AI, and customer journey mapping to improve customer experience and predict trouble points. By Paula Rooney May 10, 2024 6 mins CIO 100 Digital Transformation Artificial Intelligence feature 10 IT skills where expertise pays the most Data from Dice sheds light on 10 enterprise mainstay skills where IT pros who have honed their craft to expert level can earn five-figure salary premiums. By Sarah K. White May 10, 2024 8 mins Salaries IT Jobs IT Skills feature What is ERP? Enterprise resource planning systems explained Enterprise resource planning (ERP) systems standardize, streamline, and integrate processes across a wide range of business functions. Here’s what to know about these critical IT systems. By CIO staff and bart_perkins May 10, 2024 12 mins ERP Systems Enterprise Applications PODCASTS VIDEOS RESOURCES EVENTS SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe