AI under Fire from the British Government

Artificial intelligence is potentially going to be much more regulated by the UK government after an outcry by the UK House of Lords.


Artificial intelligence could be subject to greater oversight by the UK government after the House of Lords calls for more regulations.

Artificial intelligence stocks are growing fast.

There has been a cry for intervention in AI technology and a measure of oversight and government regulation that is not in place as of yet. How much control the UK government has over AI could be changing very soon.

 

A report issued in February by the House of Lords revealed their stance on AI, calling it a hindrance to competition on an international scale. They received a response from Michelle Donelan, the UK’s Secretary of State for Science, Innovation, and Technology. She said that the government is in agreement with Parliament about what kind of oversight should be instituted.

On May 2nd, the House of Lords called for further government intervention in artificial intelligence technology. Specifically, Baroness Stowell said it would be wise of the government to increase its regulations regarding AI market compensation and copyright issues.

She said that there is no clear next step for the government to take but that it needs to move forward in regulating AI more tightly

What This May Mean for AI

There has been a lingering fear as the AI technology advances that pretty soon it would attract the attention of powerful governments and come under severe regulation. How much regulation the UK government is calling for is vague at this point, but there is a demand for tighter restrictions on AI that could hinder its ability to grow and expand.

If new regulations are not moved forward, there will likely be backlash from government officials and an outcry that will continue until the government does something. The major concerns are copyright infringement and market competition and how AI negatively affects the market in those areas. What may happen is that only minor changes will need to be made to AI to keep itfrom being too powerful and pulling resources from established works of art.

What is possible is that AI may become harder to work with and only very large companies with a lot of money to pour into resources will be able to develop and produce AI tools.

 

 

 

ABOUT THE AUTHOR See More
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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