Source: Fintech Global
At a recent parliamentary AI and FinTech Summit, a call was issued by top figures in the tech sector for the UK government to bolster regulation and investment in AI within the FinTech industry.
Hosted by Dean Russell, MP doe Watford and chaired by Steven George-Hilley of Centropy PR, the summit saw over 90 experts, academics, and tech leaders come together to discuss and finalise the UK’s strategy for AI skill development.
The event underscored the urgent need for collaboration between the government and businesses to address the AI skills gap in the FinTech sector.
Simana Paul, Global VP of Engineering at SumUp, likened the significance of AI in the current century to the discovery of electricity in the 18th century, emphasizing the necessity for governance to ensure AI’s safe and beneficial integration into society. “The discovery and innovation in AI in the current century can be compared to the discovery of electricity in the 18th century, which was embraced by humanity and has evolved over time.
“Like we have put necessary controls to make electricity safe for everyone, we need AI governance. In the current turbulent macroeconomic conditions, when the investment in FinTech is drying up, embracing AI would be the differentiator to survive and thrive,” Paul said.
Read full article: https://fintech.global/2024/03/20/uk-tech-leaders-rally-for-ai-skills-enhancement-at-parliamentary-summit/
