PriyaPatel
TLDR:
Key points:
- Fintech industry leaders warn government to increase regulation and investment in AI technology.
- Over 90 industry experts, academics, and tech leaders discuss UK’s plans for AI skills at Parliamentary AI and Fintech Summit.
Leaders from the technology industry have issued an urgent warning for the government to increase regulation and investment in artificial intelligence (AI) technology. During the Parliamentary AI and Fintech Summit, proposals were put forward for businesses to work with the government to enhance training around AI in the fintech industry. The UK’s plans for AI skills were finalized at the debate, which was attended by over 90 industry experts, academics, and tech leaders.
Simana Paul, Global VP of Engineering at SumUp emphasized the importance of AI governance in the current economic conditions, stating that embracing AI could be a differentiator for survival and growth in the fintech industry. Dr. Adeshola, CEO of Tritek Consulting, highlighted the critical need to tackle the UK’s digital skills crisis to drive economic growth and create meaningful employment opportunities. Libero Raspa, UK Director at adesso, stressed the importance of adopting AI responsibly, considering challenges and risks involved.
Entrepreneur Khalid Talukder, Co-Founder of DKK Partners, emphasized the role of innovative technology in driving future growth, calling for collaboration between the government and industry in areas such as AI to improve core business processes and lead to economic growth.
