Moved by
Lord Holmes of Richmond
112: After Clause 40, insert the following new Clause—
“Designated artificial intelligence officer
(1) The Secretary of State must by regulations made by statutory instrument provide that companies operating in the financial services sector who use artificial intelligence (“AI”) must have a designated AI officer.
(2) The AI officer under subsection (1) has responsibility for ensuring the—
(a) safe,
(b) fair,
(c) unbiased, and
(d) non-discriminatory,
use of AI.
(3) The AI officer under subsection (1) also has responsibility to ensure that data used in any AI technology is unbiased.”