AI Summit will test but also solidify UK approach

Significance

Prime Minister Rishi Sunak wants London to play a leadership role in the development of global standards for AI. The UK approach to GenAI so far focuses on promoting innovation within a safe environment through voluntary commitments by the AI industry rather than EU-style legislation.

Impacts

• UK guidance may be collated, with centralised monitoring and evaluation and an AI risk register to ensure consistency.
• The lack of centralised evaluation could fuel an inter-regulator turf war, but a centralised approach risks disproportionate responses.
• Specific guidance for foundation models may be considered, but the current focus is on supporting innovation through a dedicated taskforce.