IA talks AI

In this episode we discuss AI regulation with Lord Holmes of Richmond, the author of the Artificial Intelligence (Regulation) Bill which was introduced as a private member’s bill in the last parliament. Lord Holmes shares his views on why AI legislation is required, the appropriate balance between regulating the developers and users of AI models and how to improve public engagement with AI technology.

In this episode the IA sits down with Rebecca Healey to discuss her latest research on the impact or AI on trading.

The IA has published the final report of the Technology Working Group, ‘Artificial Intelligence: Current and future usage within investment management [https://www.theia.org/sites/default/files/2024-10/Technology%20Working%20Group%20AI%20Report%20Oct%202024.pdf]’. The new report outlines current common use cases and examines enablers and barriers for longer-term AI adoption, as well as recommendations for future AI integration in the investment management industry. In this episode James King speaks to Derrick Hastie, CTO of Legal & General Investment Management, about some of the key points and next steps illustrated in the document.

ExoBrain presents their comprehensive AI transformation roadmap and argues that swift action is essential for investment management firms to maintain their competitive edge in an evolving financial landscape. Joel Miller, AI Consultant and Co-Founder at ExoBrain, an AI Consultancy and Engine member, is interviewed by John Allan. Their white paper, produced in partnership with fVenn, is available here [https://exobrain.co.uk/white-paper-ai-in-asset-management-2024-07/]. Read the ExoBrain weekly AI news or sign up for their newsletter here [https://xobrn.co/blog]. For more insights on the paper and the 10-point plan, visit the fVenn website [https://fvenn.com/opinion/ai-is-do-or-die-for-asset-managers-a-10-point-transformation-plan/].

Labour has formed a new government with a strong mandate for ‘change’. After 14 years out of office Labour are back and have the opportunity to shape things for the foreseeable future. What do we know of their plans for AI regulation, and how will they look to balance the opportunities for the UK economy with managing the risks for individuals and consumers? Turning a page and starting the second series of the podcast, James King provides a summary of what we can expect from the first days of the new government.