Summary: The UK government is allocating over £100 million to support regulators and advance AI research and innovation, focusing on sectors like healthcare and chemical discovery.
Regulators, including Ofcom and the Competition and Markets Authority, are required to publish plans by the end of April addressing AI risks and opportunities.
Types of AI Artificial Intelligence
A £10 million fund aims to upskill regulators, enabling them to monitor and manage risks in areas such as telecoms and finance. Additionally, nearly £90 million will establish research hubs in the UK, supporting AI expertise in healthcare and other fields.
The government emphasizes an agile, sector-specific approach to AI regulation, balancing innovation and safety.