British technology leaders are backing pension reform proposals from Rachel Reeves that would consolidate Local Government Pension Schemes into eight "megafunds," potentially directing up to £80 billion into investments for new businesses. The initiative, scheduled for introduction via a new Pension Schemes Bill next year, aims to merge assets from 86 Local Government … [Read more...] about UK Tech Leaders Back Pension Reform Plan to Create Investment ‘Megafunds’
AI Policy & Legislation
UK’s AI Assurance Market Set to Hit £6.5 Billion as Government Boosts Trust Initiatives
The United Kingdom's market for ensuring artificial intelligence systems are trustworthy is projected to expand sixfold over the next decade, reaching £6.5 billion, as the government rolls out new measures to boost confidence in AI technology across the public and private sectors. The Department for Science, Innovation, and Technology announced Wednesday a new AI assurance … [Read more...] about UK’s AI Assurance Market Set to Hit £6.5 Billion as Government Boosts Trust Initiatives
UK’s AI Sector Shows Strong Growth Amid Global Competition Challenges
The United Kingdom's artificial intelligence sector has demonstrated remarkable growth in 2023, with revenues reaching £14.2 billion and employment surging by 29%, even as the industry grapples with investment challenges and international competition, according to a comprehensive government study released this month. The report, commissioned by the Department for Science, … [Read more...] about UK’s AI Sector Shows Strong Growth Amid Global Competition Challenges
UK to Host AI Conference in San Francisco, Advancing Global AI Safety Efforts
In a move to further global cooperation on artificial intelligence safety, the United Kingdom announced plans to host a conference in San Francisco on November 21-22, 2024. The event aims to bring together AI developers to discuss the implementation of commitments made at the AI Seoul Summit earlier this year. The conference, co-hosted with the Centre for the Governance of AI … [Read more...] about UK to Host AI Conference in San Francisco, Advancing Global AI Safety Efforts