Shoplifting of high-value items, such as alcohol, steak, and cosmetics, continues to be a significant problem. Thieves target these items due to their value and demand on the market. Goss’s call for Meta to enforce identity and location verification aims to deter potential shoplifters and make it harder for them to anonymously sell stolen goods on the platform.
Under the plan, police forces are now prioritising shoplifting incidents and attending the location where a suspect is being held by store staff. This indicates that shoplifting has become a growing concern, requiring immediate attention and stronger preventive measures.
Currently, there is a self-regulatory system for online advertising overseen by the Advertising Standards Authority (ASA), but it lacks the power to address illegal harms as effectively as harmful advertising by legitimate businesses. The government plans to introduce statutory regulation to tackle illegal paid-for online adverts and enhance child protection. This new regulation will extend responsibilities to major players across the online advertising supply chain, including ad tech intermediary services and promotional posts by social media influencers.
The government will launch a consultation on the specifics of potential legislation, including the preferred choice for a regulator to oversee the new rules. The task force will gather evidence on illegal advertising and collaborate with industry initiatives to protect children and address harmful practices. The proposed regulations aim to strike a balance between internet safety and supporting innovation in online advertising while ensuring transparency, consumer trust, and industry growth.
UK Prime Minister Rishi Sunak has announced that the UK will host the world’s first major global summit on AI safety in autumn 2023. The summit aims to address the risks associated with the rapid development of AI and discuss international cooperation to ensure its safe and responsible use. The announcement coincides with the Prime Minister’s visit to Washington DC to discuss the UK-US approach to opportunities and challenges of emerging technologies.
The summit will focus on examining the potential risks associated with AI, including frontier systems, and will discuss ways to address these risks through collaborative efforts on a global scale. It will be build on recent discussions at the G7, OECD, and Global Partnership on AI. Additionally, technology companies, including DeepMind, Anthropic, and Palantir, have expressed support for the summit and highlighted the importance of international collaboration in developing AI safely and ethically.
In parallel, the UK government plans to increase the number of scholarships for post-graduate STEM studies at UK and US universities to enhance expertise in these fields. The increased scholarships include a rise in Marshall scholarships and funding for five new Fulbright scholarships annually, focusing on STEM-related subjects, aiming to strengthen the mutual expertise of the UK and the US in future technologies.
The UK examines the potential full stack of crypto regulations within the next 12 months. The UK government is aiming to gain the status of the world’s crypto asset hub and has taken a different approach to crypto regulation compared to other countries. Primarily, the UK seeks to establish itself as a destination for crypto innovation and attract companies running businesses in the cryptocurrency sphere.
The UK is moving fast in order to create a clear regulatory framework for crypto activity. Several countries are competing to establish themselves as crypto-friendly destinations, while the United States has taken a stricter stance on cryptocurrencies. The UK now has the ability to control its own legislation and make important decisions on crypto regulation. The UK should move ‘in an agile and proportionate way’ about this, and the proposed new law will focus on key areas such as exchange, custody, and lending activities.
The period for government consultation on the regulations will conclude on April 30. Former UK finance minister and now Prime Minister, Rishi Sunak, expressed his desire last year to position Britain as a leading destination for crypto asset technology. The US SEC and CFTC have been pressing charges against US crypto companies and crypto exchanges.
The Trade Union Congress (TUC) in the UK, shared its opinion on the new UK initiative to establish a single AI watchdog institution for future AI development oversight. The TUC is arguing that the new UK law will dilute the rights of human workers, and has called for stronger protections against AI that is making decisions about workers’ lives and employment. In particular, AI is used in facial recognition technology (to analyze expressions, accents, tone of voice), in devices that record data about worker activity, which can then be analyzed, or in recruiting systems that carry an inherent bias towards certain groups of workers. In their words the UK government didn’t do enough to ensure AI is used ethically in the workplace. They also urged for the inclusion of workers in discussions around AI regulation.
In the response from the UK government, legislators claimed that safeguards will remain in place. Furthermore, AI development will bring more jobs to the market, which will further help the economy grow and, consequently, improve worker conditions.
