Artificial Intelligence (AI) regulations are on the horizon. In this one page visual (which you can download below), we pick out a selection of:
- the key legislation, regulation, policies, and initiatives;
- in the UK, EU and US;
- from the last few years and in the coming few years.
What can we expect?
- the EU pushes forward with its Digital Strategy: the EU AI Act may be enacted; the AI Liability Directive and Product Liability Directive will continue through the EU's legislative processes;
- in the UK, expect:
- the White Paper on how the UK will regulate AI to be published (building on the UK's already published policy on regulating AI);
- the House of Commons Science and Technology Committee's Inquiry into 'Governance of AI' to start hearing oral submissions and, potentially, produce reports;
- the Financial Services Authority and Bank of England will produce a report further to their discussion paper on AI in financial services.
- in the US, expect:
- NYC Local Law 144 to come into force, prohibiting the use of AI tools to hire candidates or promote employees unless those tools have been independently audited;
- Further debate about the Algorithmic Accountability Act;
- Co-operation between the EU and US further to their trade and technology joint statement, including their roadmap to 'advance shared terminologies and taxonomies [and] inform our approaches to AI risk management and trustworthy AI'.
There's a lot going on in the world of AI regulation. Too much to fit on one page. But the one page visual does reflect:
- that different jurisdictions are tackling the benefits and risks of AI;
- they just do so differently, for example: sector specific and/or cross-sector; entirely new regulations and updating existing regulations; differing amounts of regulation;
- they do so at different speeds;
and that understanding, and comparing and contrasting, how different jurisdictions and sectors approach common issues is helpful in identifying potential solutions to some of the biggest issues.