Has the EU AI Act stolen the UKs thunder? [Video]

One could argue that, thanks to Alan Turing, the UK is the birthplace of AI. 

We’re also doing pretty well in that respect, being currently ranked fourth in the world on Tortoise’s Global AI Index, behind the US, China and Singapore. 

Around one third of Europe’s AI-based companies reside within the UK, and the conjecture is that our more permissive AI Rulebook could encourage further growth on our home turf as the EU AI Act starts to really bite.

There are certainly some pros and cons to consider for UK businesses.

The Brussels effect

A simplified view of the state of play is that the UK is being proactive in innovation and commerce, and the EU is majoring on regulation. The EU AI Act is the first truly comprehensive regulatory scheme for AI, aiming to regulate it based on risk levels, with stringent requirements for high-risk AI systems. The UK’s approach, on the …