Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Select Committee recommendations will stifle AI in the UK, says Active OMG

Today the Lords Select Committee issued a report, “AI in the UK: ready, willing and able?”. It outlines the burgeoning AI industry including the public understanding, engagement and design of AI and how the UK can become best placed to build and develop safe, secure and successful AI businesses.

Louis Halpern, Chairman of Active OMG, the British company behind the natural language conversational self-learning AI, Ami, commented:

“AI will penetrate every sector of the economy and has tremendous potential to improve people’s lives. I am pleased the report aims to set out a positive framework for the UK AI industry. However, the proposal is not enough to make the UK a leading destination to build and develop AI businesses.  We embrace technology when it is safe, normal, and when it makes our lives better. If AI policy is directed at these elements we have the opportunity to make the UK a world leader.

For us at Active OMG safe means personal privacy. Consumers need to know their data is safe. We have to avoid the AI industry being tainted with Facebook Cambridge Analytica type scandals.

We use personal data so our clients’ customers have a better experience.   When we apply the machine learning part of what we do the data is anonymised.  We do not know if they are Mr or Mrs Jones, Chen or Blackwell.  We are not concerned with the details of individuals. There is complete separation of personal and anonymised data.

Overcoming fear needs education, not reaction to “scandal’.  The government should be educating individuals on how their data is going to be used and kept safe by the current legislation. We suggest a government information campaign, like the drink driving or Aids campaigns of the past. By explaining the data issue to people it will proactively help normalise AI.

The report talks about investing in Phd programs and cultivating AI companies directly from academic research.  Yes, but we need to start programs in schools now to teach children how to use AI as a tool to thrive in a world where AI is normal.  In the Pan Canada AI strategy they argued that AI should be taught alongside degrees, e.g. Sociology with AI.  To become a leading AI nation, Britain must adopt a similar stance and ensure AI is intrinsic and everywhere.

Economies thrive on entrepreneurship. Entrepreneurs will develop the AI that will change our lives, like the iPhone and the personal computer. These devices cut across every industry and benefit every consumer.  Government needs to follow the same model. The report talks about specific Government departments and initiatives; these will stifle, not accelerate.  Every Government department needs to set an example by making policy that puts AI at the heart of what they do. No western country has been this brave.

When electricity became available it’s light quickly illuminated everything.  To be a world leader,  the UK needs to ensure AI’s light shines in every corner.”