Financial Services Bill Amendments: Ethical AI

Today (10 March 2021) is day 6 of committee stage of the Financial Servces Bill in the House of Lords and I am putting forward several amendments dealing with various aspects of digital technology in financial services. Two amendments deal with Artificial Intelligence (AI) – the general principle of ensuring the ethical use of AI …

A UK DARPA: Innovate the Future.

At a meeting, somewhere recently, with names not to mention and times unspecified, I was fortunate to hear, first hand, as to the UK opportunity for a DARPA style organisation. DARPA is, of course, the US agency that, for sixty years, has existed to ‘make pivotal investments in breakthrough technologies for national security.’ The idea …

Technology for Essential Services

Yesterday, I was delighted to take part in a short debate on the risks and opportunities involved in the deployment of large scale technology for our essential services. “Would my noble friend the Minister agree that there are huge advantages for citizen and state, local and national government, to be gained through the considered, ethical …

21st Century Frictionless Trade – Lords debate UK EU Trade Agreement

“My Lords, there exists a need, there exists an opportunity, a pressing need, a potentially transformational opportunity. The need for a border fit for the 21st Century, the opportunity; a digitally enabled, free trade flowing, free trade growing border delivered by the best of our talent deploying the best of our technologies. Artificial Intelligence, Distributed …

21st Century Frictionless Trade: The UK can lead but govt. must act.

Today [Tuesday 15th September] I am delighted to publish a new Distributed Ledger Technology (DLT) report on “Reducing Friction in International Trade” (RFIT). Using a combination of distributed ledger technologies and Internet of Things (IoT) devices the RFIT project demonstrates a comprehensive supply chain data management system for Australia/UK wine imports in which all the …

Protecting Democracy

I sat down with BBC Cyber-security reporter Joe Tidy to discuss the recommendations of our House of Lords report into Democracy and Digital Technologies – and to try and answer the question posed by the webinar which was about how the UK Parliament is combatting online attacks on elections. It was a good opportunity to …