The UK is changing its data laws to boost its digital economy

Britain will diverge from EU data laws that have been criticised as being overly strict and driving investment and innovation out of Europe.

Culture Secretary Oliver Dowden has confirmed the UK Government’s intention to diverge from key parts of the infamous General Data Protection Regulation (GDPR). Estimates suggest there is as much as £11 billion worth of trade that goes unrealised around the world due to barriers associated with data transfers

“Now that we have...

Nvidia-Arm merger in doubt as CMA has ‘serious’ concerns

The proposed merger between Nvidia and British chip technology giant Arm is looking increasingly doubtful as the CMA (Competition & Markets Authority) believes the deal “raises serious competition concerns”.

A $40 billion merger of two of the biggest names in chip manufacturing was always bound to catch the eye of regulators, especially when it’s received such vocal opposition from around the world.

Hermann Hauser, Founder of Arm, even suggested that...

Going for gold: Britain can set the standard in ethical AI

A study by BCS, The Chartered Institute for IT has found the UK can set the “gold standard” in ethical artificial intelligence.

The UK – home to companies including DeepMind, Graphcore, Oxbotica, Darktrace, BenevolentAI, and others – is Europe’s leader in AI. However, the country is unable to match the funding and support available to counterparts residing in countries like the US and China.

Many experts have instead suggested that the UK should tap its...

UK considers blocking Nvidia’s $40B acquisition of Arm

Bloomberg reports the UK is considering blocking Nvidia’s $40 billion acquisition of Arm over national security concerns.

Over 160 billion chips have been made for various devices based on designs from Arm. In recent years, the company has added AI accelerator chips to its lineup for neural network processing.

In the wake of the proposed acquisition, Nvidia CEO Jensen Huang said:

“ARM is an incredible company and it employs some of the greatest engineering...

DeepMind releases AlphaFold database of nearly all human protein structures

British artificial intelligence giant DeepMind has released a database of nearly all human protein structures that it amassed as part of its AlphaFold program.

Last year, the organisers of the biennial Critical Assessment of protein Structure Prediction (CASP) recognised AlphaFold as a solution to the grand challenge of figuring out what shapes proteins fold into.

Professor John Moult, Co-founder and Chair of CASP, University of Maryland, said:

“We have been...

Wealth management industry leads way with AI technologies

The UK's wealth management sector has experienced significant growth in recent years and handles around £948bn of assets, equivalent to about 46% of the UK GDP. As such a vast industry, it's not surprising that financial institutions and wealth management firms are looking to be early adopters of the latest AI technologies.  

Wealth management is a data-rich industry that has traditionally relied heavily on human data rekeying processes. Many thousands of person-hours are...

Fetch.ai announces partnership with IoT-focused distributed ledger IOTA

Cambridge-based AI startup Fetch.ai has announced a partnership with IOTA, an open-source distributed ledger focused on the Internet of Things.

Fetch.ai has caught the attention of investors for its potentially groundbreaking machine learning network of autonomous “agents” that can perform real-world tasks. It’s also caught our attention, making our list of innovative companies to watch in 2021.

IOTA was among the most hyped projects during the 2017...

TUC: Employment law gaps will lead to staff ‘hired and fired by algorithm’

Legal experts and the Trades Union Congress (TUC) have warned that gaps in employment law will lead to staff “hired and fired by algorithm”.

A report, commissioned by the TUC and carried out by leading employment rights lawyers Robin Allen QC and Dee Masters from the AI Law Consultancy, claims there are “huge gaps” in British law.

“The TUC is right to call for urgent legislative changes to ensure that workers and companies can both enjoy the benefits of AI,”...

Research finds 1.4 million UK jobs could be automated this year

According to a Faethm AI forecast, over 1.4 million jobs in the UK could be replaced by automation this year alone.

Faethm’s mission is to prepare the world “for the future of work” by using an AI engine – trained on billions of workforce data points – to predict what jobs need reskilling versus upskilling.

James McLeod, VP of the EMEA region at Faethm, said

“Employers and employees alike need to change their perspective. The future of work is...

CDEI: Public believes tech isn’t being fully utilised to tackle pandemic, greater use depends on governance trust

Research from the UK government’s Centre for Data Ethics and Innovation (CDEI) has found the public believes technology isn’t being fully utilised to tackle the pandemic, but greater use requires trust in how it is governed.

CDEI advises the government on the responsible use of AI and data-driven technologies. Between June and December 2020, the advisory body polled over 12,000 people to gauge sentiment around how such technologies are being used.

Edwina Dunn, Deputy...