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MLex Market Insight

The EU and UK explore different AI regulatory models, while keeping one eye on innovation

MLex Market Insight

MLex Market Insight

News

4.99 Ratings

🗓️ 31 March 2023

⏱️ 20 minutes

🧾️ Download transcript

Summary

Whether it’s the enormous — even subversive — potential of the GPTChat program, or the “Balenciaga Pope” Internet meme, artificial intelligence remains in the news. But in Europe, as in the United States, regulators are playing catch-up — albeit to differing degrees. In the European Union, AI regulation is advancing swiftly, even as it gets caught up in the bloc’s complex legislative processes; In the United Kingdom, a policy proposal is still firmly on the drawing board. The two jurisdictions’ approaches are comparable, yet different in key areas. The UK is opting for light-touch policy; the EU appears set to lock in more specific regulation. But both models are facing a challenge: how to harness the innovative potential of AI.

Transcript

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0:00.0

Hello, welcome back to Emlex's weekly podcast. It's great to have your company. I'm your host,

0:15.3

James Panicki, walking you through some of the bigger stories in regulatory affairs with the

0:20.0

assistance of our

0:20.9

team of reporters around the world. Now, is it just me or has artificial intelligence

0:26.5

been making news of late? A few weeks ago it was the chat GPT program that people were talking

0:32.3

about. Would it be doing us all out of a job? Could students ask it to do their homework

0:37.2

for them? Obviously

0:38.2

some very big questions there. But then there was some more recent AI-generated photos of

0:43.4

the Pope in a coat, the whole Belanziaga Pope internet sensation, or the fake photos of former

0:49.6

US President Donald Trump on the perp walk. So AI is what we're talking about. It's all around us.

0:56.0

And if it's with us now, that means that regulators are playing catch-up, some more than others.

1:01.6

A few weeks ago, we discussed this in the context of jurisdictions in the US. Today, we're

1:06.2

taking a look at the European Union and the UK to see how things are going there. And the reality is that

1:12.4

those two jurisdictions are at very different stages, with the EU far more advanced in its plans

1:18.0

for AI regulation and the UK publishing a policy paper only this week. But we're also starting to

1:24.6

see some differences in emphasis that reflect two different visions.

1:28.5

So let's bring in some expertise from either side of the channel. Nicholas Wallace

1:33.3

covers data privacy and security for M-lex from Brussels, while Sam Clark is an

1:38.8

M-lex correspondent who covers data privacy and security in the UK and Ireland, and he does it from London, and they're both

1:45.9

with us right now. Sam, let's start with you. What is the UK's approach to regulation of

1:52.5

artificial intelligence? So it's based on five principles. Those principles are safety, security

2:00.6

and robustness, transparency and

...

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