Tag: regulation
133 articles tagged regulation
Singapore tells banks that AI policies are not a control
A new agentic AI framework argues governance committees and human sign-off cannot substitute for continuous technical testing of autonomous systems.
Appeals court lifts Amazon's ban on Perplexity shopping agents
The Ninth Circuit found Amazon unlikely to win its computer-hacking claim, in the first appellate ruling on AI agents accessing platforms for users.
Vallance to chair new AI taskforce at the centre of government
Lord Vallance will chair a new prime ministerial AI taskforce housed in the Cabinet Office, with responsibility for the AI Security Institute moving to it.
US AI safety agency head resigns after three months
Chris Fall has left the Center for AI Standards and Innovation three months after appointment, with the Commerce Department giving no reason for his departure.
Nobel laureates urge urgent action on AI's economic impact
More than 200 researchers and economists, including 15 Nobel laureates and staff at OpenAI, Anthropic and Google, urge urgent action on AI's economic impact.
Not using AI could make lawyers negligent, taskforce says
The UK Jurisdiction Taskforce says professionals can be sued for negligence for failing to use AI, and that existing English law already covers most AI liability disputes.
MPs warn UK has no coherent strategy for sovereign AI
A Commons committee says Britain has 'no coherent strategic framework' for sovereign AI and risks being cut off from critical technology 'at the whim' of allies.
FCA warns of AI 'arms race' in landmark finance review
The FCA's Mills Review, a first-of-its-kind regulator study, finds 11 million UK adults ready to let AI make financial decisions for them, often unprotected.
Ofqual warns of far tougher scrutiny on AI in coursework
Ofqual boss Ian Bauckham says written coursework will face 'far, far more scrutiny' to stop the AI-fuelled subversion of assessment in England.
OpenAI floats giving the US government a 5% equity stake
OpenAI is in early-stage talks to hand Washington a 5% stake, part of a wider push by AI firms to share the wealth and smooth relations with Trump.
US nears voluntary standards for AI model releases
Washington is in advanced talks with AI firms on voluntary standards for releasing new models, with an announcement possible within a week.
Bank of England floats 'kill switch' for agentic AI trading
Deputy Governor Sarah Breeden says existing frameworks were not built for autonomous AI agents and floats market-wide circuit breakers to contain the risk.
US lets Anthropic release Mythos AI to 'trusted' firms
Washington has partially reversed its suspension of Anthropic's Mythos model, allowing access for more than 100 vetted US organisations amid transparency concerns.
FCA rethinks regulation for the AI age, eyes agentic watchdog
FCA chief Nikhil Rathi says the regulator must shift from rule-making to stewardship as AI outpaces legislation, trialling agentic AI to monitor markets.
AI law firm wins English court case in a legal first
Garfield AI prepared every document for a £7,000 county court claim won by a freelancer who paid about £400 — believed to be the first trial won using an AI lawyer.
Trust gap threatens £42bn small-business AI prize, FSB says
AI use among UK small firms has nearly tripled to 55%, but 92% now worry about the risks — a trust gap the FSB says could hold back a £42bn-a-year economic prize.
ICO sets out plan for safe AI innovation in the UK
The Information Commissioner's Office has published its approach to enabling AI innovation, promising an AI code of practice and agentic AI guidance.
AI models often hide their identity when asked, AISI finds
The UK AI Security Institute's RealityTest study finds disclosure rates range from 8% to 92% across models, and a single prompt line can suppress honesty almost entirely.
Doctors could be sued for AI mistakes, NHS warned
The Medical Protection Society warns doctors risk becoming a 'liability sink' for errors made by clinical AI tools unless UK law is overhauled to share blame.
UK launches AI Growth Labs with legal services first in line
The government has unveiled AI Growth Labs, secure testing environments to fast-track AI products through UK regulation, starting with the £40bn legal sector.
Police told to pause AI use in court statements
England and Wales forces have been told to halt AI use in court statements until safeguards are met, after fears inaccurate outputs could taint trials.
Every leading AI model fails EU law checks, study finds
A study by non-profit Aithos found all 12 leading AI models broke EU law in compliance tests, with the weakest failing in 93% of scenarios.
ICO sets out plan to government for safe AI innovation
The UK's data regulator has told ministers how it will give businesses regulatory certainty on AI, including an AI code of practice and agentic AI guidance.
UK AI regulation: King's Speech, Crime Act and ICO converge in May
Osborne Clarke's May regulatory roundup tracks the AI provisions of the Crime and Policing Act 2026 alongside new ICO cyber guidance and EU AI Act developments.
ECB warns private-credit-fuelled AI boom poses risk to financial system
European Central Bank stress scenario projects 5–6% asset losses for Eurozone pension funds in an AI-driven private-credit shock, with insurers and banks also exposed.
Pope Leo's first encyclical urges world to slow AI development
Pope Leo XIV's debut encyclical Magnifica Humanitas calls for binding AI regulation, warns autonomous weapons are slipping beyond human control.
EU AI Act Omnibus extends high-risk deadlines to 2027, widens SME relief
The EU's 7 May AI Act Omnibus agreement extends high-risk AI system deadlines to December 2027 and extends SME compliance simplifications to mid-caps up to 750 staff.
Insurance CEOs say AI is rebalancing, not replacing, human judgement
A Sollers Consulting cross-market CEO study finds AI is now embedded across the insurance value chain — but with human judgement positioned as more important, not less.
King's Speech sets out cyber and AI regulatory overhaul for UK
The King's Speech bundles Computer Misuse Act reform, a Cyber Security and Resilience Bill, and a Regulating for Growth Bill covering AI into one legislative push.
BaFin launches 'IT spotlight' AI cyber inspections of German financial firms
Germany's BaFin warns AI cyber risks are 'substantial' and announces targeted 'IT spotlight' inspections of financial firms — a likely template for the FCA and PRA.
EU strikes deal to delay AI Act high-risk rules and exempt industry
Restrictions on high-risk AI uses will be postponed to December 2027, and most industrial AI applications are exempted, after pressure from Germany and the US.
ICO publishes guidance for public bodies on AI-generated FOI requests
The UK regulator says councils and central government face rising volumes of AI-drafted FOI requests, some misquoting legislation, and now offers a triage framework.
UK police facial recognition is outpacing oversight rules
Live facial recognition is being deployed by UK police and retailers faster than regulators can keep up, with the Met scanning over 1.7 million faces this year.
UK biometrics watchdogs warn police AI oversight is years behind rollout
Met scans 1.7M faces in 2026 (+87%) as commissioners say facial recognition law is at least three years away and Police.AI rollout outpaces regulation.
EU AI Act trilogue stalls overnight — August compliance date back in play
Parliament and Council failed to agree on the Digital Omnibus reform after 12 hours of talks. Without a deal next month, Annex III rules apply on 2 August 2026.
Telegraph: AI alarm bells should be ringing in Downing Street
The Telegraph's editorial board argues the OpenAI investment pause exposes fundamental flaws in Britain's energy costs, planning system, and industrial strategy.
OpenAI pauses Stargate UK data centre project over energy and regulation
OpenAI has put its multi-billion pound UK data centre project on hold, citing high energy costs and regulatory barriers that threaten the government's AI ambitions.
FRC Issues First UK Guidance on AI in Corporate Auditing
The UK's Financial Reporting Council has published the first framework for audit firms using generative and agentic AI, as Big Four accelerate rollouts.
UK Government Backtracks on AI Copyright After Creative Sector Outcry
Technology Secretary Liz Kendall confirms the government has dropped its preferred approach to AI copyright, following widespread opposition from artists including Sir Elton John and Dua Lipa.
US Treasury publishes AI risk framework for financial services
New guidebook from 100+ financial institutions offers structured controls for AI governance, from bias monitoring to incident response procedures.
Napier AI launches AML tool after FCA Supercharged Sandbox testing
London-based Napier AI releases Insights AI for transaction monitoring, built on novel algorithms tested through the FCA's regulatory sandbox programme.
CMA warns AI agents may push consumers toward worse deals
The UK's Competition and Markets Authority says agentic AI assistants risk manipulating consumer choices and prioritising their creators' commercial interests.
Police AI Chief Admits Crime-Fighting Tech Will Have Bias
National AI lead Alex Murray acknowledges bias in policing AI tools including facial recognition, as £115m national centre aims to minimise risks.
21 Police Forces Still Using AI Copilot Despite Hallucination Scandal
Sky News reveals most English police forces continue using Microsoft Copilot after West Midlands Police blocked the tool over fabricated evidence in an Israeli football fan ban.
UK Public Overwhelmingly Rejects Government's AI Copyright Approach
Just 3% of consultation respondents support the government's preferred opt-out scheme, with 88% demanding explicit permission for AI training on copyrighted works.
UK Treasury Appoints AI Champions to Accelerate Financial Services Adoption
Starling Bank and Lloyds executives named as AI Champions to help financial firms seize AI opportunities while maintaining consumer protection.
AI Chatbots Giving Misleading Financial Advice, UK Research Warns
Popular AI chatbots including ChatGPT and Microsoft Copilot provide inaccurate tax advice and misleading money tips, Which? research reveals.
Agentic AI in Banking: Precision or Peril for Financial Services
Financial sector explores agentic AI deployment as analysts weigh transformative potential against risks of autonomous decision-making in regulated environments.
UK Launches AI Growth Lab to Fast-Track Innovation Through Regulatory Sandboxes
Government announces new regulatory framework enabling controlled AI testing in healthcare, transport, and manufacturing with £140bn productivity potential.
UN Climate Chief: AI Will Help Tackle Global Heating Despite Risks
Simon Stiell says artificial intelligence can be a gamechanger for climate action whilst urging governments to regulate technology's dangerous edges.