Google CEO: We need sensible AI regulation that does not limit its potential

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Google CEO Sundar Pichai has called for sensible AI regulation that does not limit the huge potential benefits to society.

Writing in a FT editorial, Pichai said: “...there is no question in my mind that artificial intelligence needs to be regulated. It is too important not to.”

Few people debate the need for AI regulation but there are differing opinions when it comes to how much. Overregulation limits innovation while lack of regulation can pose serious dangers –...

The White House warns European allies not to overregulate AI

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The White House has urged its European allies to avoid overregulation of AI to prevent Western innovation from being hindered.

While the news has gone somewhat under the radar given recent events, the Americans are concerned that overregulation may cause Western nations to fall behind the rest of the world.

In a statement released by the Office of Science and Technology Policy, the White House wrote:

“Europe and our allies should avoid heavy handed...

ELLIS commits €220m in a bid to keep AI talent in Europe

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The European Laboratory for Learning and Intelligent Systems (ELLIS) has announced a new initiative designed to help keep AI talent in the continent.

Retaining AI talent is difficult. AI News has already reported on academia's struggle to keep researchers helping to equip the next generation with AI skills, but it's not just the education industry which is suffering.

The main problem is the limited supply of AI talent, mixed with high demand, is causing eye-wateringly...

Report: UK leads AI developments in Europe, Iran in Middle-East

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The latest Scimago Institutions Rankings (SIR) indicates the UK is leading AI developments in Europe while Iran is leading in the Middle-East.

SIR has ranked global research and education institutions since 2009. The ranking is based on their performance and the number of articles they’ve published in highly-regarded publications.

In the field of AI, the UK ranks number one in Europe and fourth globally. Iran ranks number one in the Middle-East and is ninth overall...

Research: AI is a ‘welcome boost’ that could add millions to GDP

New research from McKinsey and Quantumblack suggests UK businesses adopting AI could see their value increase by 120 percent within a decade.

AI overall could provide a 22 percent GDP boost worth millions to the UK economy, according to the research.

However, the report warns that firms which do not integrate AI into their day-to-day business risk around 20 percent of their cash flow today.

In separate research last year, McKinsey wrote:

“By 2030,...

UK gov is among the ‘most prepared’ for AI revolution

The UK has retained its place among the most prepared governments to harness the opportunities presented by artificial intelligence.

An index published today, compiled by Oxford Insights in partnership with the International Development Research Centre (IDRC) in Canada, places the UK as Europe’s leading nation and just second on the world stage.

Margot James, Minister for Digital and the Creative Industries, said:

"I'm delighted the UK government has been...

Tencent is bullish on British AI startup Prowler.io

Chinese technology giant Tencent has led a $100m (£78.4m) funding round for promising British AI startup Prowler.io.

Dr Ling Ge, Chief European Representative at Tencent, said:

“The UK is a global leader in AI and is increasingly becoming a focus for companies looking to invest in the sector. PROWLER.io’s data-efficient approach and focus on human-machine teaming really set it apart.

We are looking forward to PROWLER.io applying its AI decision platform to...

EU AI Expert Group: Ethical risks are ‘unimaginable’

The EU Commission’s AI expert group has published its assessment of the rapidly-advancing technology and warned it has “unimaginable” ethical risks.

Some of the highlighted risks includes lethal autonomous systems, tracking individuals, and ‘scoring’ people in society.

On the subject of lethal autonomous systems, the experts warn machines with cognitive skills could “decide whom, when and where to fight without human intervention”.

When it comes...

EU Commission advances work on AI ethical guidelines

The EU Commission is advancing work on the establishment of AI ethical guidelines to ensure they can be put into practice.

A group of industry experts were appointed in 2016 to establish guidelines which ensure that AI is developed sensibly.

There are seven key pillars to the EU's ethical AI strategy:

Human agency and oversightRobustness and safetyPrivacy and data governanceTransparencyDiversity, non-discrimination, and fairnessSocietal and environmental...

Almost half of Europe’s AI startups have no actual AI

A new report highlights many of Europe’s AI startups appear to be cashing in on the hype and have no actual AI to speak of.

The fact you can add ‘AI’, ‘IoT’, or ‘blockchain’ to your company name/description and it will skyrocket your valuation has become something of a running joke in the industry. Shares in Long Island Iced Tea, for example, infamously shot up almost 200 percent after changing its parent company name to ‘Long Blockchain Corp.’

European...