The rapid advancement of artificial intelligence technology has stoked both fear and existential dread among industry experts and politicians alike. Although AI has immense potential, industry insiders have repeatedly warned of the technology’s dangers and called for governments to step in with regulations.
Studies suggest that « efforts to regulate AI appear to be gathering pace, » the World Economic Forum stated. Data from Stanford University’s 2023 AI Index shows that 37 bills related to AI were passed into law throughout the world in 2022. While some nations are still grappling with this issue, others are implementing national regulations to monitor and keep the use and development of artificial intelligence tech in check.
European Union
With the Artificial Intelligence Act one step closer to becoming law, the EU has surpassed other Western countries in the global push to pass AI regulations. Canada is currently considering a similar proposal called the Artificial Intelligence and Data Act. In the United Kingdom, Rishi Sunak announced that the U.K. would convene a global summit for AI safety in the fall. « But the EU’s AI Act, two years in the making, is the first serious attempt to regulate the technology, » Dan Milmo wrote in The Guardian’s Tech Scape newsletter.