Demis Hassabis, the co-founder of Google Deepmind, one of the UK’s biggest AI firms, says the booming industry should not follow the same path adopted by the older tech giants.

Mark Zuckerberg, the creator of Facebook, coined the phrase “move fast and break things.”.

Rapid innovation and company growth were intended to be encouraged by it.

Nevertheless, it has come to symbolize big tech firms acting rashly and causing disruption for some individuals.

“I don’t think we should be moving fast and breaking things, you know, the Silicon Valley mantra. Silicon Valley has built a lot of companies, provided a lot of great services and applications… but AI is too important for us to ignore,” Mr Hassabis said.

We need to do more work to ensure that we understand [AI systems] and how to deploy them safely and responsibly.

We should start working on all of them now, even though they require different solutions at different timescales.

By predicting the structure of almost every protein in the human body, DeepMind’s AlphaFold AI program could help advance the discovery of new medicines.

In a 2016 tournament, a product called AlphaGo beat the top human Go player.

It was later reported that the player retired from the game because “there is an entity that cannot be defeated”.

At Bletchley Park, once home to the codebreakers who helped win World War Two, around 100 world leaders, tech executives, academics and AI researchers will gather over the next two days.

Tech bosses are pushing for governments to regulate the rapidly-evolving technology.