Overview

This bill aims to establish a robust regulatory framework for Artificial Intelligence (AI) in the UK. It creates a new AI Authority to oversee the development and implementation of regulations, ensuring AI is used safely, ethically, and responsibly while supporting innovation.

Description

The bill proposes the creation of an AI Authority responsible for:

• Coordinating AI regulation across different government bodies.
• Reviewing existing legislation for its suitability in the age of AI.
• Monitoring and evaluating the effectiveness of the AI regulatory framework.
• Supporting AI innovation through "regulatory sandboxes" – controlled environments for testing AI products.
• Accrediting independent AI auditors.
• Promoting public understanding of AI and encouraging public engagement.
• Promoting interoperability with international AI regulations.

The bill outlines key regulatory principles, including:

• Safety, security, and robustness of AI systems.
• Transparency and explainability in AI decision-making.
• Fairness and non-discrimination in AI applications.
• Accountability and governance for AI developers and users.
• Proportionate regulation balancing innovation with consumer protection.

The bill also mandates the appointment of AI responsible officers within businesses using AI, responsible for ensuring ethical and safe AI practices.

Further regulations will cover transparency around AI data usage, intellectual property rights, and labelling requirements for AI-powered products and services.

Government Spending

The bill doesn't specify exact figures for government spending. The cost will depend on the size and scope of the AI Authority, its operational needs, and the implementation of the wider regulatory framework. It's likely to involve significant investment in staffing, resources, and infrastructure.

Groups Affected

• Businesses using AI: Will be subject to new regulations, including the appointment of AI responsible officers and compliance with transparency and data usage requirements. This could involve increased costs and administrative burdens.
• AI developers: Will need to adapt their processes to meet the new regulatory standards, potentially impacting development timelines and costs.
• Consumers: Will benefit from increased safety and transparency in AI-powered products and services, and have enhanced avenues for redress.
• Data subjects: Will have greater control over how their data is used in AI systems.
• Public sector bodies: Will need to ensure compliance with the new regulations when using AI for public services.
• AI auditors: Will have new opportunities to provide accreditation services.

Powered by nyModel