The Chancellor pledged a £900m investment to support the development of supercomputing capabilities that can underpin the growth of the AI sector in the UK. The announcement came at the same time as publication of Sir Patrick Vallance's wide-ranging review looking at pro-innovation approaches to regulation of technology, including AI. The review encourages a "step-change in the UK's regulatory approach to AI". That sector-specific approach has always raised questions as to how companies developing AI solutions with general application, or application across multiple regulated sectors, could plan and invest in AI solutions with confidence. What the review, and the Chancellor's investment in AI, do point to however is that the UK remains determined to plot its own path on AI regulation.

Source: The Times March 17, 2023 14:48 UTC