Saturday, October 24, 2026

Minister warns against unchecked power of tech tycoons in AI development

October 24, 2026
2 mins read
Minister warns against unchecked power of tech tycoons in AI development

UK government prioritises AI safeguards amid investment plans

Tech barons must not be allowed to “let rip” with artificial intelligence (AI), a senior minister warned as John Healey prepared to use the Budget to boost investment in the technology, reports BritPanorama.

AI minister Kanishka Narayan stated that the UK has a crucial role in developing and harnessing rapidly advancing technology without giving unchecked power to industry leaders.

The Chancellor has committed to a “distinctively British” approach to AI, recognising the “concerns of working people” as the technology evolves.

A new “biosecurity lab” aimed at utilising AI to guard against potential future pandemics will be part of a broader investment package, according to the Chancellor.

This initiative is backed by up to £200 million from OpenAI and Anthropic and £100 million from the Government, described as a “world-first” unit that aims to develop medical countermeasures against new pathogens.

The lab forms part of wider efforts to leverage AI for protecting Britain’s interests and enhancing domestic capabilities amid rising warnings about the dangers of unregulated technological progress.

Currently, frontier AI development is predominantly led by companies based in the US and China.

Speaking on BBC Radio 4’s Today, Narayan elaborated: “The central political fault line is not whether you’re pro-AI or anti-AI. The key question is whether you are passive in the face of AI, or actively shaping it in the interest of your public and your country.”

He further remarked that some groups on the political spectrum appear to be overly cautious or excessively permissive regarding AI’s development.

“What I’m focused on, and the Government is focused on, is to say that we have to do our best to shape this in the interest of Britain and the British public,” Narayan added.

As part of the proposed Budget package, an additional £120 million will be allocated to Britain’s AI Security Institute for developing standards to mitigate technology-related risks.

The Chancellor’s plan also includes a £10 million annual investment to investigate how AI will transform various industries, responding to widespread fears of job losses and preparing for the changes ahead.

A new £70 million National Exposure and Real-Time Vulnerability (Nerv) centre will be established to utilise AI tools for identifying cyber threats to the UK’s critical infrastructure and economy.

Furthermore, £60 million will be invested in the sovereign AI fund to support promising British AI firms, alongside another £60 million to fund the application of AI technology in areas such as the NHS.

This initiative follows a global online disruption caused by a vulnerability in the popular PHP programming language that left 32 Government services temporarily offline.

Experts from the National Cyber Security Centre (NCSC) collaborated with OpenAI, utilizing its technology to manage the fallout from the incident.

Critics have urged a slowdown in AI development, citing warnings from experts about the potential catastrophic effects of the technology if left unchecked.

The Government insists on establishing stringent safeguards to ensure that the creation of AI systems remains under human control.

Separately, the Chancellor is expected to announce an extra £20.4 billion for state-owned economic development lender, the British Business Bank, and the National Wealth Fund, as previously reported by the Financial Times.

It is anticipated that over 100,000 jobs will be generated nationwide from these measures by 2028-29, including positions within the AI sector, according to the Government.

Business groups welcomed the AI investment package, although opposition figures have dismissed it as a “shopping list of projects” lacking a coherent strategy.

British Chambers of Commerce director of policy Kate Shoesmith commented: “More funding for the Sovereign AI Fund should strengthen the cohorts of the UK’s homegrown talent, while a new UK Advanced Chip Design Academy is a step towards bolstering capability and resilience.”

She also urged the Government to address obstacles to AI adoption to unlock growth opportunities across all sectors.

Jordan Cummins, a director at the CBI, indicated that the Chancellor is right to prioritise security, resilience, and trust in the UK’s AI strategy, stating that the adoption of AI would accelerate when companies were assured of safety.

In response, Shadow AI minister Ben Spencer remarked: “AI is built by business, not Government. Ministers should cut burdens on British firms, fix grid connection delays, reject protectionism and instead back the capabilities we need.”

The unfolding developments illustrate the UK’s attempt to navigate the complexities of AI governance while balancing innovation and public safety.

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