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The Chartered Institute for IT, also known as BCS, supports the UK government's AI regulation proposals as they find that it strikes a balance between innovation and responsible principles. Here are some key points that make the proposal a good approach:
The UK government's White Paper on AI regulation outlines five principles that should guide AI use: safety, transparency, fairness, accountability, and contestability. Instead of creating a new regulator, the document advocates the use of existing regulators from various sectors. The proposal's focus on AI use rather than the technology itself aims to provide more flexibility than the EU's proposed regulations.