UK Government Unveils Cautious AI Regulation Strategy, Allocates Over £100 Million for Innovation

Focusing on existing laws and sector-specific guidance, the UK opts for a flexible approach to AI regulation, contrasting with the EU's comprehensive law.

The UK government has announced a cautious approach to AI regulation, focusing on existing laws and sector-specific guidance rather than new legislation.
£100 million+ in funding has been allocated to bolster AI regulation and innovation, including £10 million for regulators to address AI risks and £90 million for nine new research hubs.
The government's strategy contrasts with the EU's comprehensive AI law, emphasizing a more flexible, sector-specific approach.
Critics argue the government's plan lacks commitment and leaves significant gaps in AI regulation.
The UK aims to maintain its position as a global leader in AI development and safety, leveraging partnerships and targeted investments.