22 September 2021

UK Government releases National AI Strategy

Written By FinTech Alliance in Regulation

UK Government releases National AI Strategy

 The UK Government has released its 10-year strategy to become a “global AI superpower”. 

In Brief:

The Government will “invest and plan for the long-term needs of the AI ecosystem”. 

It will “support the transition to an AI-enabled economy” - ensuring the benefits of AI touch all sectors and regions of the UK. 

There’s also a focus on governance to make sure innovation and investment are encouraged while the public interest is protected. 

What does this mean?

The UK aims to remain a leader in AI, which the government says is backed by our world-leading financial services industry. Part of the plan is to evaluate the state of funding for innovative firms developing AI technologies across the UK. 

Read more here. 

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