"Innovation and regulation have long been at odds. Push too fast and you risk fines, failures, or reputational fallout. Drag your feet, and the competition leaps ahead. The UK's new AI Growth Lab is designed to end this false choice, proving that accelerating innovation and strengthening compliance can happen in the same breath. By introducing a 'sandbox' approach, where AI solutions are developed hand-in-hand with regulators, the Lab is shifting how governance is achieved."
"Instead of bolting on privacy or safety checks at the end, it enables companies to bake trust into AI from day one - an overall smarter, faster route to market. The AI Growth Lab could not have been introduced a minute too soon. Over the past two years, since Generative AI and LLMs lowered the barrier to entry for organisations to experiment with and develop their own AI models, the UK regulatory bodies have been sluggish in implementing governance around"
The AI Growth Lab creates a regulatory 'sandbox' where AI solutions are developed hand-in-hand with regulators. Companies can integrate privacy and safety measures from initial design rather than adding compliance later. This approach aims to accelerate time-to-market while reducing risks such as fines, failures, and reputational damage. Generative AI and LLMs have lowered barriers for organizations to build custom models, increasing the need for clear governance. UK regulatory bodies have been sluggish in implementing governance, making proactive regulatory collaboration urgent. The Lab enables baking trust into AI from day one for smarter, faster commercialization.
Read at ChannelPro
Unable to calculate read time
Collection
[
|
...
]