UK to Invest $125 Mn to Tackle AI Threats in Collaboration With the US

After becoming the first continent to establish clear rules on AI, the UK government will invest over $125 million (£100 million) to address challenges posed by AI. The investment includes $113 million (£90 million) for establishing nine research hubs across the country, focusing on areas like healthcare, chemistry, and mathematics.

In collaboration with the U.S., the funds aim to advance research and innovation in responsible AI. The move comes in response to increasing concerns about the negative impacts of AI.

"AI is moving fast, but we have shown that humans can move just as fast," said technology minister Michelle Donelan. "By taking an agile, sector-specific approach, we have begun to grip the risks immediately."

The investment includes $12.5 million (£10 million) for training regulators to navigate challenges and seize opportunities presented by AI. This addresses the global struggle to regulate AI effectively without hindering growth.

To enhance transparency and trust, leading regulators, including the Office of Communications (Ofcom) and the Competition and Markets Authority, have been directed to outline their AI management approaches by April 30. The UK leverages its current legal framework for regulating AI, especially in areas impacting a large population, such as employment.

The UK government acknowledged existing regulatory efforts, such as the Information Commissioner's Office revising guidance on data protection laws related to AI. However, it aims to further empower regulators in the face of increasing AI use.

The plans align with the UK's vision of becoming a global leader in AI regulation. Prime Minister Rishi Sunak emphasized the transformative potential of AI in improving public services and the economy. The government's approach involves collaboration with industry players, including Microsoft, Google, and Amazon, to ensure the UK remains a global leader in AI research and sets high standards for regulation.