We believe that the UK’s depth of expertise in AI and the disciplines which contribute to it—the vibrant and competitive developer and content industry that the UK is home to; and the UK’s longstanding reputation for developing trustworthy and innovative regulation—provides a major opportunity for the UK to be one of the go-to places in the world for the development and deployment of AI. But that opportunity is time-limited. Without a serious, rapid and effective effort to establish the right governance frameworks—and to ensure a leading role in international initiatives—other jurisdictions will steal a march and the frameworks that they lay down may become the default even if they are less effective than what the UK can offer. We urge the Government to accelerate, not to pause, the establishment of a governance regime for AI, including whatever statutory measures as may be needed. (Paragraph 124) The governance of artificial intelligence: interim report 39