(2 months, 1 week ago)
Lords ChamberIt is important that the convention does not introduce new human rights. Instead, it is meant to make sure that, during its development, AI takes into account the existing rules and regulations and the appropriate respect of democracy and freedoms that are already enshrined in laws and taken into account in practice. I agree that this can be done in a way that does not mean new red tape.
My Lords, it is important to note the remarks of the Prime Minister, and indeed his Ministers, at the investment conference yesterday. When talking about artificial intelligence, they encouraged entrepreneurs in particular to have as little limitation on the development of AI as possible. Bearing in mind the position of the United States, which has a very free approach, and the European Union, which now has strict regulation, is the Minister confident that this Government will be putting in place the right balance in regulating AI?
The convention has been signed by the US as well as the EU, the UK and various other nations. On the point about red tape, it is very important that, as we think about AI, we do not introduce measures which restrict innovation. At the investment summit yesterday, Eric Schmidt said very clearly that some guidelines are rather important; otherwise, companies do not have certainty and cannot progress. Getting that balance—getting some guidelines without restrictions—will be our clear priority.