Connect with us

Hi, what are you looking for?

Universal Financial DomeUniversal Financial Dome

World

UK must seize opportunities of AI to remain a tech capital – PM Sunak

Britain must act quickly to remain a tech capital, Prime Minister Rishi Sunak will tell tech leaders on Monday, urging them to grasp the opportunities and challenges of artificial intelligence.

Mr. Sunak, speaking at the start of London Tech Week, will say the “tectonic plates of technology are shifting”.

“We must act – and act quickly – if we want not only to retain our position as one of the world’s tech capitals … but to go even further, and make this the best country in the world to start, grow and invest in tech businesses,” Sunak will say, according to advance extracts released by his office.

“That is my goal. And I feel a sense of urgency and responsibility to make sure we seize it.”

Governments around the world are now trying to find a balance whereby they can assess and rein in some of the potential negative consequences of AI without stifling innovation.

Britain in March opted to split regulatory responsibility for AI between those bodies that oversee human rights, health and safety, and competition, rather than creating a new body dedicated to the technology.

Mr.Sunak will say the tech sector is at the heart of his priority to grow the economy and outline how the government will work with businesses to capitalise on opportunities presented by transformative technologies, such as AI, which proponents have compared with the arrival of the internet.

During a visit to Washington last week, Mr.Sunak said Britain would host a global summit on artificial intelligence safety later this year to consider the risks of AI and discuss how they can be mitigated through internationally coordinated action.

“The possibilities are extraordinary. But we must – and we will – do it safely,” he will say on Monday. “I want to make the UK not just the intellectual home, but the geographical home of global AI safety regulation.” – Reuters

Advertisement

    You May Also Like

    Sports

    Tough start to the week for Charlie Woods, and it had nothing to do with his golf game. While warming up for Friday’s pro-am...

    Sports

    The Buffalo Bills know safety Damar Hamlin, who has recovered from collapsing after a cardiac arrest during a game on Jan. 3, wants to...

    Sports

    The Boston Bruins’ record-setting 65 wins and 135 regular-season points have rolled back to zero. The big number now is 16, the number of...

    World

    WASHINGTON — The United States scrambled F-16 fighter jets in a supersonic chase of a light aircraft with an unresponsive pilot that violated airspace...

    Disclaimer: UniversalFinancialDome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 UniversalFinancialDome.com | All Rights Reserved