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

EUR -
AED 4.29132
AFN 74.203609
ALL 95.805414
AMD 433.4011
ANG 2.091481
AOA 1072.683853
ARS 1638.188454
AUD 1.635513
AWG 2.106222
AZN 1.985616
BAM 1.953101
BBD 2.353774
BDT 143.421198
BGN 1.949178
BHD 0.440993
BIF 3476.288379
BMD 1.1685
BND 1.49084
BOB 8.105799
BRL 5.801133
BSD 1.16865
BTN 111.08949
BWP 15.864078
BYN 3.305632
BYR 22902.60579
BZD 2.350851
CAD 1.591894
CDF 2706.246758
CHF 0.916396
CLF 0.027083
CLP 1065.929196
CNY 7.981149
CNH 7.986584
COP 4356.694927
CRC 531.363456
CUC 1.1685
CUP 30.965258
CVE 110.598731
CZK 24.400589
DJF 207.665735
DKK 7.472548
DOP 69.678194
DZD 154.723383
EGP 62.546481
ERN 17.527504
ETB 183.542149
FJD 2.573271
FKP 0.860275
GBP 0.863931
GEL 3.137447
GGP 0.860275
GHS 13.081357
GIP 0.860275
GMD 85.886397
GNF 10256.527946
GTQ 8.931861
GYD 244.512118
HKD 9.155872
HNL 31.117461
HRK 7.535193
HTG 152.947888
HUF 364.799928
IDR 20373.386901
ILS 3.452103
IMP 0.860275
INR 111.408203
IQD 1530.735387
IRR 1536577.888516
ISK 143.398483
JEP 0.860275
JMD 184.115578
JOD 0.828489
JPY 183.758944
KES 150.972215
KGS 102.150883
KHR 4688.022868
KMF 491.349122
KPW 1051.650263
KRW 1724.431853
KWD 0.360026
KYD 0.974054
KZT 542.160809
LAK 25663.184483
LBP 104465.362619
LKR 373.460733
LRD 214.565871
LSL 19.666146
LTL 3.450278
LVL 0.706815
LYD 7.402479
MAD 10.80515
MDL 20.122194
MGA 4855.118969
MKD 61.663486
MMK 2453.558203
MNT 4179.346411
MOP 9.430668
MRU 46.681467
MUR 54.860921
MVR 18.059139
MWK 2034.93947
MXN 20.461022
MYR 4.633061
MZN 74.679165
NAD 19.665886
NGN 1601.931692
NIO 42.907309
NOK 10.841901
NPR 177.741105
NZD 1.989903
OMR 0.449285
PAB 1.168885
PEN 4.096709
PGK 5.062529
PHP 72.106988
PKR 325.719728
PLN 4.256204
PYG 7265.959457
QAR 4.256826
RON 5.190447
RSD 117.422683
RUB 87.636497
RWF 1706.594681
SAR 4.384441
SBD 9.378229
SCR 15.60968
SDG 701.689458
SEK 10.869375
SGD 1.492529
SHP 0.872403
SLE 28.803202
SLL 24502.862465
SOS 667.79835
SRD 43.767328
STD 24185.596923
STN 24.713781
SVC 10.227823
SYP 129.148477
SZL 19.665661
THB 38.292338
TJS 10.940881
TMT 4.095594
TND 3.371707
TOP 2.813468
TRY 52.838293
TTD 7.939029
TWD 36.968998
TZS 3049.786129
UAH 51.502231
UGX 4386.05699
USD 1.1685
UYU 47.074949
UZS 14019.666522
VES 571.329748
VND 30758.433277
VUV 138.793042
WST 3.172698
XAF 655.05181
XAG 0.015991
XAU 0.000257
XCD 3.157931
XCG 2.106689
XDR 0.812844
XOF 652.608671
XPF 119.331742
YER 278.833394
ZAR 19.63285
ZMK 10517.907557
ZMW 21.887754
ZWL 376.256618
  • RBGPF

    1.6000

    64.7

    +2.47%

  • BCE

    -0.0300

    23.93

    -0.13%

  • CMSC

    -0.0100

    22.87

    -0.04%

  • RYCEF

    -0.0200

    16.33

    -0.12%

  • RELX

    0.0100

    36.36

    +0.03%

  • GSK

    -0.7100

    50.9

    -1.39%

  • RIO

    -1.9500

    98.63

    -1.98%

  • VOD

    -0.1000

    16.05

    -0.62%

  • BTI

    -0.3600

    58.35

    -0.62%

  • NGG

    -0.9800

    87.5

    -1.12%

  • CMSD

    -0.0300

    23.25

    -0.13%

  • BP

    0.5300

    46.94

    +1.13%

  • JRI

    -0.0500

    12.93

    -0.39%

  • BCC

    -3.8000

    74.33

    -5.11%

  • AZN

    -1.2800

    183.46

    -0.7%

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