A few weeks ago, the UK government launched plans for its 'AI growth lab'

Many businesses are investing heavily in AI without sufficient safeguards for its implementation, a new study by the British Standards Institution (BSI) has found.

While executives are touting AI’s potential to drive productivity, the report suggests that most firms are operating with little more than blind faith in a technology they do not yet fully understand.

The research also found that 62 per cent of business leaders plan to increase AI investments over the next twelve months, citing efficiency and cost savings.

But fewer than one in four firms (24 per cent) have an AI governance programme in place. Among larger firms, that figure only rises modestly, to a third.

BSI boss Susan Taylor Martin told City AM

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