Experts discuss what is at stake in the AI race between the United States and China, warning it could'dictate the future of humanity.' The United States government and private sector should strike a balance between regulation and investment in artificial intelligence in order to retain a technological edge over China, experts advised. Gordon Chang, the author of "The Coming Collapse of China," advised a prohibition on investment into Chinese companies, given the country's government-down approach to military and technological developments. "We have to recognize the comprehensiveness of the Chinese system and cut trade and investment with China," Chang said. "If we do that, China does not have a chance of competing with the United States because we're a far stronger society."

The British approach to regulation focuses on high-risk applications, setting aside low risks associated with AI so that innovation will not be hampered, and the industry not burdened with red tape. Unlike the EU approach, where the enforcement of the AI Act will be handed down to a single national regulator for each member state, the UK is planning to give responsibility to a range of them. The principles laid out in the British approach "provide clear steers for regulators, but will not necessarily translate into mandatory obligations", the policy statement warns, encouraging them to "consider lighter touch options in the first instance" instead. London recognises the "inherent cross-border nature of the digital ecosystem" and stresses the need to work "closely with partners" to avoid fragmenting the global market, "ensure interoperability and promote the responsible development of AI internationally". Stakeholders in the AI ecosystem are invited to share their views by the end of September about this regulatory approach to inform a forthcoming White Paper on the implementation of such a strategy.

The UK is setting the stage for its future Artificial Intelligence (AI) regulatory model. Much like the EU, it suggests adopting a risk-based approach but will differ from the bloc by entrusting enforcement to a panel of regulators. The British government presented its "pro-innovation approach to regulating AI" on Monday (18 July) alongside its new Data Protection and Digital Information Bill. It follows the presentation of the National AI Strategy last September, a ten-year plan to ensure the UK becomes a global AI superpower. The country has invested more than £2.3 billion (€2.7 billion) in AI since 2014.