Episode 25 - The Future of AI Regulation

In this episode of The Gage, we have the privilege of welcoming Lord Chris Holmes for the second time to delve into the fascinating world of Artificial Intelligence (AI) legislation. Lord Holmes, a member of the House of Lords with a focus on talent, technology, inclusion, and innovation, shares his insights into his proposed Private Members Bill on AI regulation. The second reading is on 22nd March at 10am. https://bills.parliament.uk/bills/3519. Lord Holmes emphasized the importance of the UK taking a proactive stance in AI regulation, especially in light of the EU AI Act and the US executive order. Listen to Lord Holmes’ first episode on The Gage - Episode 10 - Blockchain in Parliament.Here’s a link to our Digital Parliamentarians whitepaper which was mentioned at 01:56 in this episode.Listen to our other podcasts: https://www.greengage.co/podcasts About Lord Chris HolmesChris is Britain’s most successful Paralympic swimmer winning a total of 9 golds, 5 silvers and 1 bronze. He was also Director of Paralympic Integration, responsible for the organisation of the 2012 Paralympic Games in London.Chris is a passionate advocate for the potential of technology and the benefits of diversity and inclusion. He campaigns for more accessible environments for disabled people and has conducted an independent review for the Government that made recommendations on opening up public appointments to disabled people.In Parliament Chris sits on the influential Science and Technology Select Committee but has previously been a member of specialist House of Lords Select Committees dealing with:■        Democracy and Digital Technologies■        Artificial Intelligence ■        Digital Skills ■        Social Mobility  ■        Financial ExclusionHe is co-chair of the All-Party Parliamentary Groups on:■        Assistive Technology■        Fintech■        Blockchain ■        AI■        4th Industrial Revolution.Time stamps00:00 - Introduction and Background of Lord Chris Holmes.01:58 - Importance of AI Legislation and regulation.04:06 - Private Members Bill Process in the UK Parliament.05:30 - Overview of the AI legislation bill.07:23 – Proposed AI Authority and its role in regulating AI in the UK.09:27 - Comparison of international AI laws and regulations as potential benchmarks for the UK.11:36 - Commonwealth and Common Law in shaping AI legislation.12:52 - The concept of the fourth industrial revolution and the role of AI within it.13:12 - Legislative Pathway 14:29 - Technology-Neutral Legislation for future-proofing laws in the digital age.15:56 - Call for Engagement and feedback on AI legislation and related topics.