Get the latest tech news
AI will not be the destroyer of jobs, says Bank chief
Bank of England governor says AI has "great potential" as Lords report urges UK to embrace AI.
Artificial Intelligence (AI) will not be a "mass destroyer of jobs" and human workers will learn to work with new technologies, the governor of the Bank of England has told the BBC. Given there is no UK equivalent of ChatGPT, and in order to avoid another situation in which - as with other areas of tech - all of the industry giants are clustered elsewhere, the Lords committee seems to be essentially warning the country to go easy on the red tape. Secretary of State for Science, Innovation and Technology Michelle Donelan will give evidence to the Lords Communications and Digital Committee on Tuesday, where she is expected to be questioned on the government's reaction to the report.
Or read this on BBC News