Source: Lexology

 
Lexology highlights the UK's regulatory approach to AI, presented at the WTO AI Conference by Baroness Jones. The UK emphasized targeted regulation for high-risk AI developers while fostering global interoperability and innovation. The government is set to launch binding rules for advanced AI systems and publish the "AI Opportunities Action Plan." Additionally, initiatives like the UK's AI Standards Hub and international collaborations with the OECD and WTO underscore their commitment to responsible AI adoption. The report also discusses the economic potential of AI in reducing trade costs while acknowledging risks such as regulatory fragmentation and digital divides.