The Japan Times - PM vows 'pro-growth' rules to make Britain an 'AI superpower'

EUR -
AED 3.834659
AFN 77.228994
ALL 98.592339
AMD 416.547087
ANG 1.871467
AOA 954.747787
ARS 1092.296157
AUD 1.661929
AWG 1.879228
AZN 1.772819
BAM 1.961626
BBD 2.096737
BDT 126.425474
BGN 1.953041
BHD 0.393374
BIF 3072.327296
BMD 1.044016
BND 1.412312
BOB 7.175482
BRL 6.262422
BSD 1.038374
BTN 89.876217
BWP 14.452993
BYN 3.398309
BYR 20462.706651
BZD 2.085905
CAD 1.496643
CDF 2959.78467
CHF 0.944939
CLF 0.037899
CLP 1045.821676
CNY 7.591507
CNH 7.592719
COP 4500.177239
CRC 521.646752
CUC 1.044016
CUP 27.666415
CVE 110.59611
CZK 25.13967
DJF 184.917419
DKK 7.461157
DOP 63.708905
DZD 140.61965
EGP 52.545523
ERN 15.660235
ETB 130.193689
FJD 2.412877
FKP 0.859838
GBP 0.84508
GEL 2.975367
GGP 0.859838
GHS 15.712712
GIP 0.859838
GMD 75.694868
GNF 8975.495919
GTQ 8.013993
GYD 217.260449
HKD 8.130601
HNL 26.432249
HRK 7.704364
HTG 135.553232
HUF 410.81597
IDR 16924.224424
ILS 3.698029
IMP 0.859838
INR 90.223153
IQD 1360.359708
IRR 43940.025431
ISK 146.465282
JEP 0.859838
JMD 163.666862
JOD 0.740515
JPY 162.825201
KES 135.043521
KGS 91.299075
KHR 4183.444541
KMF 500.239852
KPW 939.614197
KRW 1496.340625
KWD 0.321763
KYD 0.865383
KZT 544.113793
LAK 22666.643839
LBP 92991.12177
LKR 308.821613
LRD 204.570498
LSL 19.359589
LTL 3.082707
LVL 0.631515
LYD 5.11414
MAD 10.42461
MDL 19.449858
MGA 4867.479347
MKD 61.50648
MMK 3390.922092
MNT 3547.565275
MOP 8.328755
MRU 41.141991
MUR 48.525391
MVR 16.08308
MWK 1800.656434
MXN 21.471059
MYR 4.631778
MZN 66.713024
NAD 19.359775
NGN 1618.631866
NIO 38.208536
NOK 11.7487
NPR 143.798694
NZD 1.840194
OMR 0.401877
PAB 1.038409
PEN 3.879121
PGK 4.228538
PHP 60.951747
PKR 289.510537
PLN 4.234162
PYG 8231.36768
QAR 3.785533
RON 4.975255
RSD 117.110349
RUB 102.999506
RWF 1455.830676
SAR 3.916407
SBD 8.840732
SCR 15.258844
SDG 627.453636
SEK 11.46455
SGD 1.412647
SHP 0.859838
SLE 23.751647
SLL 21892.485995
SOS 593.465388
SRD 36.650141
STD 21609.016002
SVC 9.086116
SYP 13574.291407
SZL 19.355391
THB 35.297972
TJS 11.318979
TMT 3.654055
TND 3.32004
TOP 2.445189
TRY 37.218437
TTD 7.052045
TWD 34.162596
TZS 2617.868026
UAH 43.756663
UGX 3836.976699
USD 1.044016
UYU 45.656251
UZS 13483.367428
VES 57.66204
VND 26194.352545
VUV 123.947634
WST 2.924107
XAF 657.914105
XAG 0.033916
XAU 0.000379
XCD 2.821504
XDR 0.80008
XOF 657.904624
XPF 119.331742
YER 259.959811
ZAR 19.286733
ZMK 9397.390264
ZMW 28.893951
ZWL 336.172612
  • BCE

    -0.2150

    23.175

    -0.93%

  • CMSC

    -0.0100

    23.54

    -0.04%

  • SCS

    -0.1250

    11.675

    -1.07%

  • BCC

    -0.9800

    128.14

    -0.76%

  • RIO

    -0.0700

    61.66

    -0.11%

  • NGG

    -1.4200

    60.17

    -2.36%

  • CMSD

    -0.1290

    23.871

    -0.54%

  • RYCEF

    0.1700

    7.44

    +2.28%

  • GSK

    -0.1850

    33.595

    -0.55%

  • JRI

    -0.0680

    12.502

    -0.54%

  • AZN

    0.2400

    68.2

    +0.35%

  • RELX

    -0.3600

    49.19

    -0.73%

  • VOD

    -0.1350

    8.415

    -1.6%

  • BP

    -0.1100

    31.41

    -0.35%

  • BTI

    -0.2500

    36.48

    -0.69%

  • RBGPF

    0.1600

    62.36

    +0.26%

PM vows 'pro-growth' rules to make Britain an 'AI superpower'
PM vows 'pro-growth' rules to make Britain an 'AI superpower' / Photo: HENRY NICHOLLS - POOL/AFP

PM vows 'pro-growth' rules to make Britain an 'AI superpower'

Prime Minister Keir Starmer on Monday laid out his vision to harness the power of artificial intelligence to boost Britain's flagging economy, promising "pro-growth" regulations amid concerns about the technology's unchecked use.

Text size:

Speaking following the launch of a government "action plan", Starmer pledged to ease red tape to attract billions of pounds of AI investment to Britain.

The "AI Opportunities Action Plan" includes 50 recommendations that the government will implement to boost AI-driven efficiency in the public sector, from education and healthcare to detecting potholes.

"Mark my words, Britain will be one of the great AI superpowers," Starmer said at an event at the UCL campus in east London, hailing the technology which is raising complex questions for governments around the world.

The UK -- which has the third-largest AI industry after the United States and China -- will be "pro-growth and pro-innovation on regulation", Starmer said.

"I think it is important to recognise that we've got freedom now in relation to regulation, to do it in the way that we think is best for the UK," said Starmer, calling for AI to be "tested" before it is "regulated".

"We don't need to walk down a US or an EU path on AI regulation", the prime minister wrote in the Financial Times ahead of the speech, calling for a "distinctively British approach".

Starmer's position marks a shift from the EU's heavy-handed regulation of the sector, especially regarding data protection laws, which has faced criticism from tech giants.

In the US, incoming President Donald Trump's desire to deregulate the economy and his team of Silicon Valley-linked advisors could influence policies on AI regulation.

- Data library -

The UK's latest plans include the creation of a national data library which would make public data sets, including anonymised National Health Service records, "available to AI researchers and innovators".

The data library would be bolstered by a "clear and trusted copyright regime", Starmer added. "It is important that we keep control of that data."

"But I don't think that we should have a defensive stance here that will inhibit the sort of breakthroughs that we need."

The latest plans come amid concerns surrounding AI's role in spreading online misinformation and deepfake pornography, as well as fears robots could one day outsmart humans if left unchecked.

The government outlined plans for the creation of "dedicated AI growth zones" designed to speed up planning proposals for data centres and other AI infrastructure.

It also hopes to increase server capacity twentyfold by 2030, including by building "a brand new supercomputer with enough AI power to play itself at chess half a million times a second".

The new supercomputer pledge comes months after Starmer axed a previous supercomputer project in Edinburgh planned by the previous government, citing a lack of funds.

- 'Economic mismanagement' -

Starmer's administration estimated that AI could be worth £47 billion ($57 billion) to the UK each year over a decade.

It announced that three tech companies -- Vantage Data Centres, Nscale and Kyndryl -- had committed to spending £14 billion on AI in the UK, leading to the creation of more than 13,000 jobs.

Starmer has put firing up Britain's economy at the heart of his agenda since taking office last July. In his speech, Starmer staked economic growth on advancements in AI, saying the technology "would turbocharge every single element of our plan for change".

But weaker-than-expected growth, rising borrowing costs and a falling pound is complicating his task, meaning he could be forced to make spending cuts or hike taxes this year.

Shadow Science Secretary Alan Mak accused Labour of insufficiently funding its AI ambitions.

"AI does have the potential to transform public services, but Labour's economic mismanagement and uninspiring plan will mean Britain is left behind," Mak said.

There are also concerns that the sector-wide implementation of AI could result in job losses.

"It's a disruptive technology, like many other previous technological waves," senior cabinet minister Pat McFadden told Times Radio.

"But I think it's too pessimistic to simply talk about job losses," he added.

The government is expected to wrap up next month a consultation to clarify the application of copyright law to AI, which it says aims to protect the creative industry.

T.Ueda--JT