The government instead explained in vague terms that it will seek to establish the “appropriate legislation” to place requirements on companies developing the "most powerful AI models".
The technology, created by a team of scientists at the University's Department of Psychology, is capable of predicting whether someone with the early signs of dementia will later develop the disease in four out of five cases.
The electronics giant said that its new wearable collection forms part of the company's strategy to use its general AI tool Galaxy AI to improve digital health and provide personalised insights and health experiences.
New figures from Innovate Finance show that global FinTech investment reached $15.9 billion in the first six months of the year, a drop 19 per cent compared to the second half of 2023.