(3 weeks, 5 days ago)
Lords ChamberThe Government are clear that all parties involved in the development of AI need to be in agreement about a way forward.
My Lords, the tech companies, particularly the social media companies, have argued for a decade that their technology is global and, therefore, that local regulation is not the way to do it. Yet Australia, and now, I believe, this House have realised that local regulation is the only way you get global regulation in the end. Why do we think AI is any different?
I apologise if I gave the impression that we do not think we should have any regulation relating to AI. What I was trying to get across was that we are taking an agile and context-based approach to AI regulation, which seeks to get a balance. The Government have put through a number of pieces of legislation that have AI-related elements. I will be very happy to write to the noble Baroness to outline what these are.
(2 years, 2 months ago)
Lords ChamberThe Government are committed to making sure that the sector is sustainable, but I would be interested in discussing further with the noble Lord the issues that he raises. We are committed to making sure that the levy is administered efficiently to best support racing. It is too soon for me to commit to the shape of future policy.
My Lords, I remind the House of my entries in the register of interests—specifically, my role as senior steward of the Jockey Club—and welcome the Minister to her place. If someone in the UK places a bet on racing overseas—in Ireland, for example—Irish racing benefits. If someone in Ireland places a bet on UK racing, Ireland benefits. Does the Minister think that is unfair? If she does, as I do, will she commit to extending the horseracing levy to bets placed in the UK on international racing and, in doing so, level the competitiveness between British and international jurisdictions?
I thank the noble Baroness for her welcome. As she will be aware, the previous Government undertook a review that concluded in April. It is too soon for us to comment on the process or what might emerge from that, but we are keen to work with all parties and explore all the evidence before setting out next steps.