UK government announces AI advisory service

The UK government announced a new advisory service to help businesses quickly and safely bring AI and digital innovations to market. Backed by £2 million in funding, it will run as a pilot for a year starting next year. Firms can apply to get support on specific AI/digital proposals. If successful, regulators will advise them on compliance.

What's going on here?

The UK is launching a streamlined regulatory advisory service so companies can accelerate compliant AI innovation.

What does this mean?

The service will provide tailored guidance so companies can meet regulations when launching new digital and AI products. It brings together regulators like the ICO and FCA to give coordinated advice across sectors. This helps businesses navigate complex regulatory landscapes to build compliant innovations faster.

Why should I care?

The advisory service removes friction. Rather than getting bogged down in regulatory complexity, UK startups can focus on building safely with regulators' input upfront. The quicker path to market can allow AI companies to maximize their competitive advantage. They can lead in rolling out next-gen compliant innovations before others navigate regulatory red tape.