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Share Price Information for BT (BT.A)

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Share Price: 105.90
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Ask: 105.90
Change: 1.20 (1.15%)
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Open: 104.70
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Sunak and Google CEO discuss 'striking right balance' on AI regulation

Fri, 26th May 2023 17:45

(Alliance News) - Rishi Sunak has met with Google's chief executive to discuss "striking the right balance" between artificial intelligence (AI) regulation and innovation, Downing Street said.

The prime minister spoke to Sundar Pichai, also chief executive of Google's parent company Alphabet Inc, about the importance of ensuring the right "guard rails" are in place to ensure tech safety, No 10 said.

It follows a similar meeting between Sunak and leading figures in AI about the need for regulation to protect against potential dangers, ranging from disinformation and national security to "existential threats".

A Downing Street spokesman said: "The prime minister met with Sundar Pichai, the CEO of Alphabet – the parent company of Google – at the government's Darlington Economic Campus.

"The prime minister thanked Pichai for Google's role at the heart of the UK's technology ecosystem, and they spoke about opportunities for growth in the industry.

"On artificial intelligence, they spoke about striking the right balance to ensure the right regulatory guardrails are in place, whilst driving forward innovation.

"They discussed possible opportunities for industry and international collaboration on safe and responsible AI development and agreed to remain in touch on this issue."

Sunak has advocated the technology's benefits for national security and the economy, but growing concerns have been raised with the increasing prominence of the Microsoft Corp-backed ChatGPT bot.

As well as the issues discussed by Sunak and tech figures, jobs are also being put at risk by the rapidly evolving technology.

Last week BT Group PLC said it will cut up to 55,000 jobs by the end of the decade amid plans to shift to AI and automated services.

Former government chief scientific adviser Sir Patrick Vallance has warned that AI could have an impact on jobs comparable to the Industrial Revolution.

Earlier this month, Geoffrey Hinton, the man widely seen as the godfather of AI, warned some of the dangers of AI chatbots are "quite scary" as he quit his job at Google.

Sunak has been hardening his tone towards AI.

The government's policy paper on the technology published less than two months ago was titled: A pro-innovation approach to AI regulation.

Alphabet shares were 1.2% higher at USD125.00 each on Friday afternoon in New York.

By Nina Lloyd, PA Political Correspondent

Press Association: Finance

source: PA

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
Today 15:51

UK earnings, trading statements calendar - next 7 days

Friday 10 May 
CRH PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Rightmove PLCTrading Statement
TBC Bank Group PLCQ1 Results
Monday 13 May 
Burford Capital LtdQ1 Results
Caledonia Mining Corp PLCQ1 Results
Cerillion PLCHalf Year Results
Diploma PLCHalf Year Results
HgCapital Trust PLCQ1 Results
Huddled Group PLCFull Year Results
Team Internet Group PLCQ1 Results
Victrex PLCHalf Year Results
Tuesday 14 May 
Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
Flutter Entertainment PLCQ1 Results
Greggs PLCTrading Statement
Marston's PLCHalf Year Results
On The Beach Group PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Treatt PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Vodafone Group PLCFull Year Results
Wednesday 15 May 
Britvic PLCHalf Year Results
Burberry Group PLCFull Year Results
Compass Group PLCHalf Year Results
Creo Medical Group PLCFull Year Results
Experian PLCFull Year Results
Imperial Brands PLCHalf Year Results
Keller Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
Marshalls PLCTrading Statement
Spirax-Sarco Engineering PLCTrading Statement
Titon Holdings PLCHalf Year Results
TP ICAP Group PLCTrading Statement
Tui AGHalf Year Results
Vertu Motors PLCFull Year Results
Thursday 16 May 
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
BT Group PLCFull Year Results
Convatec Group PLCTrading Statement
easyJet PLCHalf Year Results
Future PLCHalf Year Results
Grainger PLCHalf Year Results
Helios Towers PLCQ1 Results
Nexus Infrastructure PLCHalf Year Results
Premier Foods PLCFull Year Results
Restore PLCTrading Statement
Sage Group PLCHalf Year Results
Tritax EuroBox PLCHalf Year Results
Tullow Oil PLCTrading Statement
Tyman PLCTrading Statement
United Utilities Group PLCFull Year Results
Vanquis Banking Group PLCTrading Statement
Vistry Group PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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