Misuse of artificial intelligence (AI) can have serious consequences, as seen in recent incidents involving Lionsgate, Microsoft, and a U.S. telecom service. Organizations want to use generative AI but need to establish governance, risk, and compliance protections for data privacy, security, regulation, and copyright concerns. Chief information officers struggle to identify applicable regulations and laws for AI usage, especially regarding personal data, transparency, and discrimination. Changes in government in the UK and U.S. create uncertainty about future legislation. Enterprises must closely monitor the direction and enforcement of laws in the countries they operate to navigate the complex web of regulations. In the U.S., the lack of comprehensive AI-specific federal laws creates challenges for businesses, and a consistent national regulatory framework is undefined.
However. the UK is expected to introduce an AI Bill and has shown a shift from a pro-innovation approach to AI regulation with its commitment to the Council of Europe’s Framework Convention on AI and Human Rights. The ICO has requested extensive disclosures from major platforms to ensure GDPR compliance with AI regulation. The EU has passed the EU AI Act, which requires conformity assessments for high-risk AI systems, transparency, and data security. Businesses using AI in the EU must adhere to existing laws alongside the EU AI Act, which is expected to involve global standards and significant challenges for businesses. Despite evolving regulations, organizations must prioritize understanding responsible AI and regulatory compliance to effectively navigate the complex AI legislation and regulations globally.
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