Rishi Sunak Announces UK Hosting First Global AI Regulation Summit
The UK Prime Minister, Rishi Sunak, will announce on Thursday that the country will be hosting the first global summit on artificial intelligence (AI) regulation this autumn. Sunak is scheduled to meet with US President Joe Biden to discuss economic security and other bilateral issues, including the need to defend Ukraine against Russian aggression. Sunak plans to propose “guardrails” for new technology and will host the meeting with political and industrial leaders from like-minded countries to discuss how internationally coordinated regulation can mitigate risk.
The AI meeting is a British initiative running parallel to the G7’s Hiroshima IA Framework, which was established to coordinate global regulation of the new industry. The EU and the US are holding their own talks on AI regulation. Sunak believes that the UK can lead the debate on AI regulation, given the country’s expertise and talent in the field.
Sunak will tell Biden that protectionism and a “zero-sum” subsidy race are not the way to build economic security against the threat from China. He hopes Biden will cut Britain a deal under the $369 billion US Inflation Reduction Act, including subsidies for UK suppliers of critical minerals in the US supply chain.
The two leaders will discuss joint efforts to develop supply chains in vital sectors, such as critical minerals, to bypass China. The summit is expected to exclude China, and Sunak’s spokesman said invitations will be sent out to like-minded countries at the appropriate time.
Sunak’s Visit to Washington
Before the meeting with Biden, Sunak attended a panel discussion of CEOs, including Goldman Sachs’ David Solomon, JPMorgan Chase’s Jamie Dimon, and Northrop Grumman’s Kathy Warden. According to reports, Sunak laid a wreath at Arlington Cemetery and met with prominent US political figures on Capitol Hill, including House Speaker Kevin McCarthy and Minority Leader Hakeem Jeffries.
Sunak received a boost when US tech company Palantir announced it would be expanding its UK operations as a European hub for AI development. It already employs more than 800 people in Britain.
Mutual Exchange of Gifts
In common with previous attempts to cement US-UK relations, the mutual exchange of gifts between the two leaders is causing a great deal of attention. Downing Street has confirmed that Sunak will give Biden a personalized Barbour jacket with ‘Mr President’ embroidered on it, made in South Shields. For his part, Biden will offer Sunak a book written by his possible ancestor Christopher Biden on merchant ship discipline in the mid-19th century, containing rigorous solutions to the issue of shipboard disorder.
Summary
Rishi Sunak, the UK Prime Minister, has announced that the country will host the first global AI regulation summit this autumn, where political and industrial leaders from like-minded countries will discuss how internationally coordinated regulation can mitigate risks. Sunak will meet US President Joe Biden to discuss economic security and will propose “guardrails” for new technology. Protectionism and subsidy races are not the route to building economic security against the threat from China, and the two leaders will discuss joint efforts to develop supply chains in vital sectors.
Additional Piece
AI is one of the most promising areas of technological innovation globally, representing a market worth $126 bn and predicted to reach $330 bn by 2027. The UK has a long history of AI research and development and ranks third behind the US and China in terms of AI start-ups raised. The UK has a thriving AI ecosystem, with more than 1,300 AI businesses and 4,000 data analytics companies. AI is transforming the way we live, work, and communicate. It impacts many areas of our daily lives, from healthcare and finance to transport and education. AI innovation is of global significance, making it essential to implement policies and regulations to ensure its responsible use and mitigate risks.
The UK government’s initiative to host the AI regulation summit is a step in the right direction, bringing together like-minded countries to discuss AI policies and regulations. The summit may also help foster collaboration among nations and showcase the best practices, experiences, and lessons learned regarding AI regulation. The UK can leverage its AI ecosystem to lead the debate on AI regulation and positioning itself as a global leader in AI research and development. The summit can also build trust in AI by ensuring that AI research and development are transparent and ethical, contributing to responsible AI innovation.
In conclusion, AI has enormous potential in driving socio-economic growth and enabling breakthrough solutions to healthcare, education, and environmental challenges. However, we need to ensure that AI is regulated, transparent, and used ethically to avoid negative consequences. The AI regulation summit is a crucial step in this direction, and the UK has a significant role to play in shaping the AI research, development, and policies globally.
—————————————————-
| Article | Link |
|---|---|
| UK Artful Impressions | Premiere Etsy Store |
| Sponsored Content | View |
| 90’s Rock Band Review | View |
| Ted Lasso’s MacBook Guide | View |
| Nature’s Secret to More Energy | View |
| Ancient Recipe for Weight Loss | View |
| MacBook Air i3 vs i5 | View |
| You Need a VPN in 2023 – Liberty Shield | View |
Rishi Sunak, British prime minister, will announce on Thursday that Britain will host the first global summit on artificial intelligence regulation this fall, following a meeting in Washington with President Joe Biden.
Sunak he will tell Biden that Britain can exercise leadership in establishing “guardrails” for new technology and host the meeting to discuss how internationally coordinated regulation can mitigate risk.
Downing Street said the summit would bring together political and industrial leaders from “like-minded countries”, but China was likely to be left out. “The invitations will be sent out at the appropriate time,” Sunak’s spokesman said.
Sunak will hold talks with Thursday Biden on improving “economic security,” including a likely US-UK deal on developing supply chains in vital sectors, such as critical minerals, to bypass China.
The prime minister will also discuss with Biden the need to arm Ukraine for “years into the future”, arguing that “long-term security deals and agreements” should be put in place to defend the country against Russian aggression.
“We want to make sure that Ukraine can defend itself not just today, but for years into the future,” he told the BBC. “This will also act as a deterrent to Russia for aggression and will convince her that there is no point in persisting with this illegal and unprovoked war.”
The AI meeting is a British initiative, running parallel to the G7 “Hiroshima IA Framework”, which was established to coordinate global regulation of the new industry. The EU and the US are also holding their own talks on AI regulation.
Speaking during a visit to Washington, Sunak chafed at the question of whether a medium-sized country like Britain could hope to lead a debate that is already involving political leaders in the US and the EU.
“That medium-sized country appears to be a global leader in AI,” Sunak said. “You would be hard-pressed to find many other countries other than the United States in the Western world with more experience and talent in AI. We are the natural place to conduct the conversation.
Last month, the prime minister encountered the heads of OpenAI, Google DeepMind and Anthropic to discuss a regulatory framework for the new technology, arguing that only the EU and the UK had held such talks.
Sunak received a boost when US tech company Palantir announced it would be expanding its UK operations as a “European hub” for AI development. It already employs more than 800 people in Britain.
Sunak added: “Historically the UK has been right when we are trying to balance innovation while making sure new technology is safe for society. We have a good track record of getting that balance right.
The two leaders will also discuss joint efforts to build economic security against the threat from China, but said protectionism and a “zero-sum” subsidy race are not the way to achieve it.
He hopes Biden cuts Britain a deal under the $369 billion US Inflation Reduction Act previously denounced by UK ministers as “protectionist”so that UK suppliers of critical minerals in the US supply chain are eligible for subsidies.
On Wednesday, Sunak laid a wreath at Arlington Cemetery, met with prominent U.S. political figures on Capitol Hill, including House Speaker Kevin McCarthy and Minority Leader Hakeem Jeffries, and attended a Washington Nationals baseball game.
Before meeting with Biden on Thursday, Sunak will try his hand at business at a panel discussion of CEOs, including Goldman Sachs’ David Solomon, JPMorgan Chase’s Jamie Dimon and Northrop Grumman’s Kathy Warden.
But Sunak said he would not meet former US President Donald Trump in Washington, saying he had a “pretty busy schedule”. He added, “I’m meeting with key congressional leaders from both sides and obviously the president.”
In common with previous attempts to cement US-UK relations, great attention is being paid by both sides to the mutual exchange of gifts between the two leaders.
Downing Street said Sunak would give Biden a personalized Barbour jacket, made in South Shields, with ‘Mr President’ embroidered on it.
For his part, Biden will offer Sunak a book written by his possible ancestor Christopher Biden on merchant ship discipline in the mid-19th century, a tome containing some rigorous solutions to the menace of shipboard disorder.
https://www.ft.com/content/3929908e-0f6a-4223-9c1c-5cd68d82a828
—————————————————-