Accountants call for ‘urgent’ government AI regulation

As export ban on ‘most advanced’ AI tools is lifted, six in 10 accountants call for further Whitehall regulation

In a week where the US government has lifted export controls on Fable and Mythos AI models following fears of serious cyber-attacks being quelled, ICAS has called on the UK government to ‘take a far more active role in regulating AI.’

This announcement followed a statement by ‘The Five Eyes’, an intelligence alliance between Australia, Canada, New Zealand, the UK, and US, which warned: ‘While Al will help us improve cyber defence over time, it also accelerates the speed, scale, and sophistication of cyber threats.’

With the political turbulence continuing following the resignation of Keir Starmer last week, it has been reported that the prime minister hopeful, Andy Burnahm, is planning a major revamp of the UK’s AI strategy.

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe