A government Committee has launched an inquiry into artificial intelligence in a bid to regulate it as it become an increasingly appealing avenue for businesses. "AI is already transforming almost every area of research and business. It has extraordinary potential but there are concerns about how the existing regulatory system is suited to a world of AI," chair of the Science and Technology Committee, Greg Clark, said. "With machines making more and more decisions that impact people's lives, it is crucial we have effective regulation in place. In our inquiry we look forward to examining the government's proposals in detail."