Artificial Intelligence: Regulation

Baroness Chakrabarti Excerpts

Thursday 17th October 2024 Lords Chamber

[Lord Vallance of Balham (Lab)]

Thank you. It is an important area, and one where we have huge opportunities for growth. There is definitely the need for regulators to become upskilled in the ability to look at AI and understand how it impacts their areas. That is the reason we created the Regulatory Innovation Office, announced last week, to make sure that there are the capabilities and expertise in sector-dependent regulators. We also believe that there is a need for regulation for the most advanced models, which are general purpose, and of course cross many different areas as well.

[Baroness Chakrabarti (Lab)]

My Lords, notwithstanding the need for sector-specific approaches and expertise, does my noble friend agree that public confidence and constitutional legitimacy require primary legislation, and sooner rather than later?

[Lord Vallance of Balham (Lab)]

The reason we are establishing the prospect of an AI Act is to look at those models that are the ones that are at the biggest forefront in general use and carry with them specific opportunities and risks that require that specific legislation. It is not the case that that is true for every aspect of the application of AI in every single area, much of which can be covered by existing regulation and can be dealt with by regulators, provided that they are appropriately reinforced with the skills, capabilities and knowledge required.