{"id":49013,"date":"2024-07-05T15:13:19","date_gmt":"2024-07-05T14:13:19","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=49013"},"modified":"2024-07-05T15:13:19","modified_gmt":"2024-07-05T14:13:19","slug":"general-election-2024-what-labour-landslide-victory-means-for-ai","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/general-election-2024-what-labour-landslide-victory-means-for-ai\/49013\/","title":{"rendered":"General Election 2024: What Labour landslide victory means for AI"},"content":{"rendered":"

Following a landslide victory in yesterday\u2019s General Election, Labour\u2019s AI strategy is set to become a crucial aspect of the new government.<\/h2>\n

The party has been vocal about AI during its time in opposition, so Labour\u2019s AI strategy is expected to be a core part of new legislation.<\/p>\n

Businesses and industries will now look to the new government for direction, as its huge majority in Parliament puts it in a powerful position to influence the UK\u2019s technological future<\/a>.<\/p>\n

The importance of a national AI strategy<\/h3>\n

AI is a transformational technology that will have a profound impact on the way businesses operate and turbocharge the UK economy.<\/p>\n

The UK is a global superpower in AI and is well-placed to lead the world over the next decade as a genuine research and innovation powerhouse, a hive of global talent and a progressive regulatory and business environment.<\/p>\n

However, it is crucial to have a\u00a0responsible AI\u00a0strategy in place to ensure it remains this way.<\/p>\n

A national strategy can contribute to the industry\u2019s success and recognise the power of AI to increase resilience, productivity, growth, and innovation across the private and public sectors.<\/p>\n

Turning the spotlight on technology and AI in the workplace, Labour’s 24 May 2024 document, \u2018Labour’s Plan to Make Work Pay\u2019<\/a>, pledges to promote safeguards against the invasion of privacy through surveillance technology and discriminatory algorithmic decision-making.<\/p>\n

UK needs strategic AI investments<\/h3>\n

James Hall, VP & Country Manager, UK&I at Snowflake, called for Labour\u2019s AI strategy to focus on investment in enhancing public services and improving citizens\u2019 lives.<\/p>\n

He said: \u201cNow we know the Labour party has won the election with a substantial majority, it is crucial the new government places an emphasis on tech investment, particularly around AI.<\/p>\n

\u201cThis will be paramount to streamlining services and enhancing citizens\u2019 lives.\u201d<\/p>\n

Hall also calls on the new government to create an AI fund to foster public-private innovation and the commercialisation of data through synthetic data, which mimics real-world information while protecting privacy.<\/p>\n

This approach offers a dual benefit of unlocking data value and maintaining robust privacy protections.<\/p>\n

The future of Labour\u2019s impact on AI<\/h3>\n

Labour\u2019s victory presents a unique opportunity to shape the UK\u2019s future through strategic investments in AI and robust regulatory frameworks.<\/p>\n

The new government can drive economic growth and enhance public services by addressing business inefficiencies and prioritising tech investments.<\/p>\n

In terms of regulation, Hall recommends Labour\u2019s AI strategy address industry-specific rules, especially in critical sectors like healthcare and pharmaceuticals.<\/p>\n

He explained: \u201cFor the pharmaceutical industry, in particular, there needs to be more robust agreements established on the use of medical data, with internal investment to manage and protect this data.\u201d<\/p>\n

Hall also calls for a dedicated office to oversee AI initiatives and ensure diverse stakeholder engagement in shaping AI and data policies.<\/p>\n

\u201cThese steps will be crucial for the new government to support data-driven industries and ensure they can capitalise on AI, thus positioning the UK as a global innovation powerhouse whilst ensuring sustainable growth and protecting national interests.\u201d<\/p>\n

As the UK sees a new government take shape over the coming days, the focus on AI will be pivotal in positioning the UK as a leader in the global digital economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following a landslide victory in yesterday\u2019s General Election, Labour\u2019s AI strategy is set to become a crucial aspect of the new government.<\/p>\n","protected":false},"author":22,"featured_media":49014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[830],"tags":[570],"acf":[],"yoast_head":"\nThe future direction of Labour's AI strategy<\/title>\n<meta name=\"description\" content=\"Following a landslide victory in yesterday\u2019s General Election, Labour\u2019s AI strategy is set to become a crucial aspect of the new government.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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