Regulating AI 'not the right place to start,' says Bank of England's Bailey
Andrew Bailey says AI needs rigorous testing and safeguards to contain risk.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
Andrew Bailey has said that regulating artificial intelligence is "not the right place to start" when it comes to managing the technology's risks, according to the BBC.
Bailey said AI needs "rigorous" testing and safeguards in order to contain the risks associated with its use, pointing to an emphasis on testing and safety measures ahead of formal regulation.
His comments add to an ongoing debate among policymakers and industry figures about the best approach to overseeing the rapid development of AI technology.
Further details on what specific testing regime or safeguards Bailey has in mind were not included in the reported remarks.
Sources
- Regulating AI 'not the right place to start' says Bailey — BBC Business
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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