Join us in London on November 26, 2024, for the launch of our first NextGen: AI event. This exciting gathering will feature a keynote address by Lord Chris Holmes, who will delve into the transformative potential of artificial intelligence and the importance of sound legislation in this arena.
To effectively harness the benefits of artificial intelligence while mitigating its inherent risks, it is crucial to implement regulatory systems that are built on principles, focus on outcomes, and ensure transparency of inputs. Governments worldwide are making strides toward establishing comprehensive AI regulatory frameworks to address these needs.
The EU AI Act, which became law in August, marks a significant step as the first piece of global AI legislation. This act emphasizes accountability and transparency in AI systems, ensuring they meet standards of fairness, accuracy, and data privacy. In fact, a recent survey by SAP Concur revealed that interest in AI has surged, with 51% of CFOs planning to invest in AI this year, an increase from just 15% in August 2023.
In the UK, Lord Chris Holmes of Richmond, MBE, has introduced the Artificial Intelligence (Regulation) Bill, aimed at establishing an AI Authority to oversee AI regulations in the country.
There are three compelling reasons to advocate for legislative action in AI: social benefits, democratic values, and economic growth. From the historical advancements at Bletchley Park to the present day, there is a pressing need for human-led, principle-driven artificial intelligence that promotes transparency, fosters innovation, and supports international cooperation for accountability among developers and users alike.
Lord Holmes is a dedicated proponent of leveraging technology for societal benefit, with a strong emphasis on diversity and inclusion. His policy interests focus on digital technologies that benefit the public, particularly in fields like AI and blockchain, as well as their applications in fintech and trade.
Don’t miss the opportunity to hear Lord Holmes speak at Sancroft, St Paul’s, on November 26 as he kicks off the inaugural NextGen: AI event with insights into our collective data, decision-making processes, and the future of AI.
For further details and to register for the NextGen: AI event, please visit NextGen: AI.