The Financial Conduct Authority, one of several state regulators that has been tasked with drawing up new guidelines covering AI, is consulting with the Alan Turing Institute and other legal and academic institutions to improve its understanding of the technology, a spokesperson told Reuters. Britain's competition regulator said in May it would start examining the impact of AI on consumers, businesses and the economy and whether new controls were needed. China issued a set of temporary measures in July to manage the generative AI industry, requiring service providers to conduct security assessments and perform algorithm filing procedures.
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