L

Lord Vallance of Balham (Lab)

Speaking in the House of Lords on 17 October 2024

Debate

Artificial Intelligence: Regulation

Contribution

This is an area where there were something like 100 new start-ups in the last year alone. We have something like 4,000 small companies. It is an area where small companies are critically important and must be involved in the discussion. It is worth remembering that some of the enormous companies were small companies not very long ago in this space; it is moving fast. I will also take this opportunity to say how fantastic it is that, in our own country, we had a Nobel prize awarded to Demis Hassabis for his extraordinary work and that of his colleague John Jumper at Google DeepMind.

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