The House of Lords Committee warns that the UK's AI strategy is too focused on safety, risking a missed opportunity in the AI boom.
It urges a balanced approach, emphasizing the need to recognize AI's benefits and avoid strategic dependence on foreign tech firms.
While acknowledging safety concerns, it calls for a shift toward recognizing AI's vast opportunities without overshadowing immediate issues.
The committee predicts that AI, comparable to the internet's impact, will bring era-defining changes.
It calls for a positive vision, supporting AI start-ups, enhancing computing infrastructure, and improving digital skills.
Highlighting the importance of open competition, the report urges the UK government to avoid tech giant dominance.
The report encourages addressing issues promptly, such as copyrighted material use in training large language models.
Baroness Stowell warns against market dominance by a few tech companies, urging a careful approach.
It emphasizes the UK's leadership in AI research, safety measures, and a pro-innovation approach.
The Department for Science, Innovation, and Technology rejects claims of missing out on the AI goldrush.