"The approach prioritizes innovation while maintaining oversight. Technology Secretary Liz Kendall presented the strategy at the Times Tech Summit on 21st October. The core concept involves AI Growth Labs, which are designated spaces where firms can trial emerging AI systems under modified regulatory conditions. These zones operate as monitored testing grounds. Regulators temporarily adjust or pause certain requirements while maintaining close supervision."
"Healthcare applications stand to benefit everyday citizens most directly. AI systems evaluated in clinical environments could enable quicker patient diagnoses and shrink hospital waiting lists. The Medicines and Healthcare products Regulatory Agency received £1 million to test AI applications that might accelerate drug development and approval processes. Housing represents another major opportunity. Current development applications average 4,000 pages and require up to 18 months from filing to decision."
AI Growth Labs are designated spaces where firms can trial emerging AI systems under modified regulatory conditions. Regulators will temporarily adjust or pause certain requirements while maintaining close supervision in these monitored testing grounds. Initial rollout will target healthcare, transport, and advanced manufacturing. Healthcare trials could enable quicker diagnoses, reduce hospital waiting lists, and accelerate drug development; the MHRA received £1 million to test such applications. AI testing aims to compress housing application timeframes—currently averaging 4,000 pages and up to 18 months—to support a 1.5 million homes target.
Read at London Business News | Londonlovesbusiness.com
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