The UK Reveals 7 Principles for AI Regulation

uk cma ai report

UK publishes 7 principles to be followed by companies working on FMs like GPT-4 & Llama 2 used in gen AI.

UK’s new AI principles have officially rolled out. Underlying the new guide is a strong focus on the tenets of transparency and accountability. Overall, the new principles aim to guide the world toward a more decentralized future where it’s not just a handful of big tech companies holding all the chips when it comes to AI tools, models, and capabilities.

Reuters reported that Britain set out principles that will prevent AI models from “being dominated by a handful of tech companies to the detriment of consumers and businesses, by emphasizing the need for accountability and transparency.”

British antitrust regulator, Competition and Markets Authority (CMA) aims to control some of the negative consequences of AI’s proliferation without killing innovation. CMA also reportedly sought to get views from Microsoft, OpenAI, Meta, and Google.

Laying out seven principles, the government of the UK proposed these as metrics to guide innovation and the future development of FMs (foundation models). FMs include GPT-4 and Llama 2 among other LLMs. These principles should be followed by companies developing these FMs that are ultimately used in generative AI applications.

These seven principles are accountability, access, diversity, choice, flexibility, fair dealing, and transparency. You can read the news release on the official website of the UK government.

CMA had previously reviewed AI foundation models, on which the UK government published an initial report (link). The findings in the report have been used to settle on these seven principles.

The impact of foundation models could allow a wider range of firms to compete successfully, perhaps challenging current incumbents. Vibrant competition and innovation could benefit the economy as a whole through increased productivity and economic growth.

British Competition and Markets Authority’s Review

With its sights on ensuring fairness and competitiveness in the generative AI segment, the UK joins the European Union, which proposed an AI Act focusing on foundation models and requiring companies to comply with transparency rules.

By Abhimanyu

Unwrapping the fast-evolving AI popular culture.