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UK should look to existing regulation as model for AI, think tank says

( October 31, 2024, 00:03 GMT | Official Statement) -- MLex Summary: Existing UK regulation for financial services, pharmaceuticals and climate change mitigation provide the components for building a model for regulating artificial intelligence, according to a report by the Ada Lovelace Institute, a think tank for ensuring public benefit from AI. The report calls for empowering regulators so they can take bold actions on AI products and services, but warns that the approach where multiple sectoral regulators cover the technology — as is the case for AI in the UK — can be less effective if their objectives conflict with the goal of ensuring the products and services are safe....

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