U.K. lawmaker Christopher Holmes told Fortune his landmark AI safety bill seeks "that certainty of how AI will be."
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00:00As already mentioned, there's a false dichotomy which has dogged us for decades in pretty much all democracies.
00:08This sense that you can either have regulation or innovation.
00:12Complete nonsense, because if you have right size regulation, it's good for innovator, good for investor, good for citizen, good for consumer.
00:20So what my bill seeks to do is to ensure that whichever part of society, whichever part of the economy you come across AI, you can have that consistency of approach.
00:32You can have that certainty of how AI will be, be that in health care, defense, education.
00:39So if you just left it to existing regulation, the chances of having that clarity, certainty, consistency, which leads to the confidence to act, would be extremely unlikely.