Artificial Intelligence: Principles, laws, and frameworks report

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The spike in the adoption of Artificial Intelligence (AI) systems and the pace of technological advancement has outpaced regulatory efforts in recent times. Now, global policy and law makers have begun addressing this gap and a range of AI-related laws are springing up in every continent. While regulators attempt to set out the rules of AI development and usage, businesses have been able to rely on generally accepted principles and industry frameworks to guide the responsible implementation of AI solutions. The Artificial Intelligence: Principles, laws, and frameworks report will help you to understand the latest legislative landscape and the key concepts under existing and emerging AI regulations as well as significant industry frameworks and the principles of AI developments.

What is Artificial Intelligence and what is its impact on businesses?

AI technology enables the simulation of human-like intelligence to make decisions, solve problems, and analyze information, among other things. AI systems run on programmed algorithms and models that can process vast amounts of data, learn from it, and make predictions or decisions based on patterns. AI encompasses various applications like voice recognition, image creation, and autonomous vehicles. It has the potential to revolutionize industries, from healthcare to finance, by automating tasks, enhancing efficiency, and enabling new capabilities. Recent advancements in AI have encouraged many businesses to explore its potential and integrate it into their operations. Motivated by the potential for cost reduction, revenue growth, efficiency improvement, and service enhancement, AI is steadily transforming the way business’s function.

What AI laws and frameworks exist today?

Existing AI regulation is limited, however there are several initiatives on the table that are aiming to shape the legislative landscape. China has been at the forefront of these initiatives with three separates laws governing the management of AI systems. However, lawmakers in the EU, Canada, the US, and Brazil are all discussing significant draft laws related to AI development. Moreover, several countries such as Saudi Arabia, India, and the UK have opted to adopt national frameworks for businesses to work against. This has also been supplemented by industry frameworks such as the National Institute of Standards and Technology’s (NIST) AI Risk Management Framework, International Organization for Standardization’s (ISO) 23053:2022, and the Organisation for Economic Co-operation and Development’s (OECD) Framework for the Classification of Artificial Intelligence Systems.