|

UK risks losing AI race amid safety-over-opportunity approach

The House of Lords Communications and Digital Committee in the British parliament has warned that the United Kingdom’s approach to artificial intelligence has become too narrowly focused on AI safety and the threats the technology could pose rather than its benefits, posing a risk of losing out on the opportunities it offers. 

In a report on artificial intelligence (AI) and large language models (LLMs), which power generative AI tools such as ChatGPT, the committee said the technology would produce era-defining changes comparable with the invention of the internet.

However, the committee warned that the U.K. needs to rebalance its approach and consider AI’s opportunities. Otherwise, the U.K. will lose its international influence and become strategically dependent on overseas tech firms for a technology that is expected to play a vital role in daily life in the years to come.

In November 2023, the U.K. convened the first AI Safety Summit at Bletchley Park. The summit focused on persistent AI risks, including its potential as an existential threat, role in advanced cyberattacks and susceptibility to misuse in developing biological or chemical weapons by malicious actors.

The committee’s report called for more significant support for AI startups, a boost for computing infrastructure, more work to improve digital skills and further exploration of the potential for an “in-house” sovereign U.K. LLM.

While highlighting the significant competition between developers of open and closed models in the AI sector, each striving for a regulatory framework that favors their interests, the committee recommended that the government should prioritize market competition as a key AI policy goal to prevent undue influence by any party.

Additionally, the committee document recommended supporting copyright, even if it requires new laws. The government should empower content owners to verify their data is used appropriately and invest in extensive, high-quality training data sets to encourage tech firms to use licensed material.

The document stated the need for the U.K. government to support effective regulatory oversight. It says the immediate priority should be to develop accredited standards and common auditing methods at a pace that ensures responsible innovation, supports business adoption and enables meaningful regulatory oversight.

Author

Cointelegraph Team

Cointelegraph Team

Cointelegraph

We are privileged enough to work with the best and brightest in Bitcoin.

More from Cointelegraph Team
Share:

Editor's Picks

Ripple correction pauses, but recovery prospects remain limited

XRP hovers above the critical $1.00 support level but faces diminishing recovery potential. Binance XRP futures Open Interest falls to $189 million, the lowest level in three months.

Crypto Today: Bitcoin, Ethereum and XRP struggle to find footing amid spot ETF outflows

Cryptocurrency prices are broadly consolidating near key lower support levels on Wednesday, led by Bitcoin, hovering around $74,000. Ethereum sits above $2,000 while its upside remains structurally capped. Ripple, meanwhile, holds delicately above $1.00.

Bitcoin at risk of sharp moves as leverage builds in derivatives markets

Bitcoin remains in a capped tone, trading around $73,800 on Wednesday after slipping to a low of $72,727 following the previous day’s hot US inflation figures. Institutional demand continues to weaken, with BTC spot ETFs recording a $95 million outflow on Tuesday, marking the fourth straight day of withdrawals.

Chainlink holds at $10 as Moody’s Ratings completes CCIP testnet pilot

Chainlink edges higher on Wednesday, taking a breather after the previous day’s 3% decline. Moody’s Rating completes the testnet pilot on Chainlink’s CCIP to distribute credit assessment data across multiple blockchain networks simultaneously.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss
Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.