UK details ‘pro-innovation’ approach to AI regulation

The UK government has unveiled a new regulatory framework for AI, aimed at promoting innovation while maintaining public trust.

Michelle Donelan, Science, Innovation, and Technology Secretary, said: “AI has the potential to make Britain a smarter, healthier and happier place to live and work. Artificial intelligence is no longer the stuff of science fiction, and the pace of AI development is staggering, so we need to have rules to make sure it is developed...

29 March 2023 | Applications

What will AI regulation look like for businesses?

Unlike food, medicine, and cars, we have yet to see clear regulations or laws to guide AI design in the US. Without standard guidelines, companies that design and develop ML models have historically worked off of their own perceptions of right and wrong. 

This is about to change. 

As the EU finalizes its AI Act and generative AI continues to rapidly evolve, we will see the artificial intelligence regulatory landscape shift from general, suggested frameworks to more...

24 March 2023 | Applications

Editorial: UK puts AI at the centre of its Budget

British Chancellor Jeremy Hunt announced the country’s Spring Budget this week and supporting the AI industry was at the centre.

The UK is Europe’s AI leader. Indeed, behind the US and China, the country’s tech sector overall has the third-highest amount of VC investment in the world – more than Germany and France combined – and has produced more than double the number of $1 billion tech firms than any other European country.

Gerard Grech, CEO of Tech Nation,...

16 March 2023 | Artificial Intelligence

GitHub CEO: The EU ‘will define how the world regulates AI’

GitHub CEO Thomas Dohmke addressed the EU Open Source Policy Summit in Brussels and gave his views on the bloc’s upcoming AI Act. 

“The AI Act will define how the world regulates AI and we need to get it right, for developers and the open-source community,” said Dohmke.

Dohmke was born and grew up in Germany but now lives in the US. As such, he is all too aware of the widespread belief that the EU cannot lead when it comes to tech innovation.

“As a...

6 February 2023 | Applications

US and EU agree to collaborate on improving lives with AI

The US and EU have signed a landmark agreement to explore how AI can be used to improve lives.

The US Department of State and EU Commission’s Directorate-General for Communications Networks, Content and Technology (DG CONNECT) simultaneously held a virtual signing ceremony of the agreement in Washington and Brussels.

Roberto Viola, Director General of DG CONNECT, signed the 'Administrative Arrangement on Artificial Intelligence for the Public Good' on behalf of the...

31 January 2023 | Artificial Intelligence

UK AI sector achieved record funding in Q2 2022

New data from Tech Nation and Dealroom found that VC investment in UK AI companies hit a record in Q2 2022 and is on track to at least equal last year.

Around 2,009 AI companies are based in the UK, the AI capital of Europe. Renowned companies include Graphcore, BenevolentAI, Darktrace, Wayve, and DeepMind.

Last year saw a record investment of £6.6 billion flow into UK AI companies. In 2022 so far, £3.2 billion has been invested. Tech Nation notes that investment into...

6 October 2022 | Applications

The EU’s AI rules will likely take over a year to be agreed

Rules governing the use of artificial intelligence across the EU will likely take over a year to be agreed upon.

Last year, the European Commission drafted AI laws. While the US and China are set to dominate AI development with their vast resources, economic might, and light-touch regulation, European rivals – including the UK and EU members – believe they can lead in ethical standards.

In the draft of the EU regulations, companies that are found guilty of AI misuse...

17 February 2022 | Applications

Nokia deploys AI video analytics to improve rail crossing safety

Nokia has announced that it’s deploying its AI video analytics solution to improve rail crossing safety.

The solution, Scene Analytics, will initially be deployed for Baselland Transport AG (BLT) in Münchenstein, Switzerland.

Michael Theiler, Head of Maintenance Electrical Systems at BLT, said:

“Level crossings are notoriously difficult areas to ensure the safety of passengers, pedestrians, train operators and motorists.

This deployment, in...

13 January 2022 | Applications

EU clears $19.7B Microsoft-Nuance deal without any small print

The EU has concluded Microsoft’s $19.7 billion acquisition of Nuance doesn’t pose competition concerns.

Nuance gained renown for originally creating the backend of that little old virtual assistant called Siri (you might have heard of it?)

The company has since continued to focus on building its speech recognition capabilities and has a number of solutions which span particular industries such as healthcare to general omni-channel customer experience...

22 December 2021 | Artificial Intelligence

Vincent Chio, Shopify: On using AI to revolutionise the retail industry

It’s always interesting to hear how AI is revolutionising specific industries, and few companies are more qualified to comment on the impact on the retail industry than Shopify.

AI News caught up with Vincent Chio, Data Science Lead at Shopify, to hear what the company is doing in the space and how AI is improving the end-to-end retail experience.

AI News: How has AI changed the shopping experience in recent years for both sellers and buyers?

Vincent...

4 November 2021 | Industries