EY comments on the government’s AI whitepaper consultation

Harvey Lewis, EY Partner, Consulting – Artificial Intelligence, comments:

“The AI whitepaper response is a positive step in outlining the UK government’s ambition for AI regulation and the need to strike a careful balance between innovation and regulation, whilst also avoiding a ‘one size fits’ all approach to regulation.

“The proposals to upskill regulators on AI to draw on their sector expertise reinforces the Government’s commitment to an agile and sector-based approach to regulation while still encouraging a pro-innovation mindset.

“The £10 million investment fund for regulators will enable them to adapt their regulatory framework to provide clear accountability that aligns with AI functionality.

“The rapid advancement of Generative AI means regulation will be an ongoing challenge; the technology and how it’s used is also continually evolving so ongoing collaboration across the public, private and third-sectors will be crucial in harnessing the full potential of AI while also prioritising safe adoption.

“It is important that businesses are proactive and looking at how they can ‘future proof’ their use of AI. This includes establishing robust approaches to data protection establishing codes of practice to maintain trust and mitigate risks.”