AI Risk Regulation: Cost of excluding the SME engine

AI Risk Regulation: Cost of excluding the SME engine

Artificial Intelligence is poised to surpass all previous technological achievements in terms of its potential impact. With this, however, comes a need for an AI framework that is not only responsible and effective but also considers all perspectives.

Following the UK Government’s recent AI Summit and the Biden Administration’s Executive Order, and their focus on multinational technology companies, Access Partnership’s latest report, ‘AI Risk Regulation: Cost of excluding the SME engine’, explores the potential dangers of not including small and medium-sized (SME) perspectives and priorities in the development of AI regulation. Featuring interviews with four leading AI SMEs across healthcare, data analytics, behavioural insights, and visual interpretation, our report identifies several risks associated with not pursuing a genuinely multi-stakeholder approach to AI governance and excluding a significant portion of the economy, as well as an important centre of innovation for new applications and use cases.

The report seeks to craft an AI framework that factors in all layers of the ecosystem, highlighting three significant areas in need of regulation: 1) Incorrect data; 2) Incorrect output; and 3) Incorrect usage. Our paper offers potential approaches that can be taken to regulate each of these areas, exploring topics ranging from penetration testing to extensive third-party testing.

Download report 

Access Partnership closely monitors AI developments across the globe, with an AI Policy Lab dedicated to cultivating in-depth and frank conversations surrounding AI.

Related Articles

Economic Impact Report: Turning Australia’s AI opportunities into impact with Google

Economic Impact Report: Turning Australia’s AI opportunities into impact with Google

Artificial intelligence (AI) is rapidly enabling solutions to the challenges we face in our lives. Australia is recognising the transformative...

11 Jun 2024 General
Advancing Hong Kong’s economic growth through Artificial Intelligence (AI) and digital innovation with Google

Advancing Hong Kong’s economic growth through Artificial Intelligence (AI) and digital innovation with Google

The global rise of artificial intelligence (AI) presents Hong Kong with a unique opportunity to accelerate economic growth. By embracing...

5 Jun 2024 General
AI: The local contexts of a global game changer

AI: The local contexts of a global game changer

Insights from interviews with policymakers and experts around the world With the second Global AI Safety Summit in Seoul and...

3 Jun 2024 Opinion
The EU AI Act: Implications for the health sector

The EU AI Act: Implications for the health sector

Introduction The European Council recently gave the green light to the EU AI Act, marking a significant milestone in the...

29 May 2024 Opinion