3 Accepted

Realising AI's societal and economic benefits hinges critically on securing public trust

Conclusion
The Government is right to emphasise the potential societal and economic benefits to be won from the strategic deployment of AI. However, as our interim Report highlighted, the challenges are as clear as the potential benefits, and these benefits cannot be realised without public trust in the technology.
Government Response Summary
The government agrees on the importance of public trust in AI for economic benefits and states its intention to introduce targeted legislation to establish binding requirements on companies developing the most powerful AI systems. This legislation aims to strengthen public trust, reduce regulatory uncertainty, and build on existing voluntary commitments and the AI Safety Institute.
Paragraph Reference
23
Government Response
Accepted
HM Government Accepted
Artificial Intelligence (AI) is at the heart of the UK Government’s plan to kickstart an era of economic growth, transform how we deliver public services, and boost living standards for working people across the country. The Secretary of State for the Department of Science, Innovation, and Technology (DSIT) asked Matt Clifford, a leading tech entrepreneur and industry expert, to develop a plan to grow the UK’s domestic AI sector and drive adoption of AI across the economy to boost growth and improve products and services. The AI Opportunities Action Plan sets out how we will achieve these goals, particularly through securing the necessary infrastructure, talent, and data access, as well as setting out the steps we will take to support AI adoption across the economy. However, the full economic potential of AI can only be realised if businesses and consumers trust it. To support this, our intention is for legislation to establish binding requirements on the handful of companies developing the most powerful AI systems. This highly targeted proposed legislation would ensure the UK is prepared for this fast-moving technology. It would build on the voluntary commitments already secured at the Seoul and Bletchley AI Safety Summits and would strengthen the AI Safety Institute. The proposed legislation would support growth and innovation by reducing current regulatory uncertainty for AI developers, strengthening public trust and boosting business confidence. AI specific legislation Government response to Committee conclusions and recommendations 5 – 7
Addressee Bodies
Department for Science, Innovation and Technology
Timeline
Recommendation age 2.0 yrs
Report published 28 May 2024