AI is relatively new in the market, but is already revolutionizing industries and putting pressure on governments to adapt laws to the new technology. Currently, AI regulation across continental Europe is progressing with a vast speed through the proposals such as the AI Act with the view of adopting a tuned model that offers the much required equal chance for technological advancement and at the same time balancing the emerging social vices associated with these breakthrough technologies. On the other hand the United States of America has also developed sector related policies to encourage innovation but at the same time solving the problems as well.
The EU has been focusing on clearly governing the digital and labeling it according to the risk level and placing corresponding obligations on it. So, applications which can be deemed to operate in high risk domains, including among others, the healthcare sector, critical infrastructures, are treated with greater scrutiny. The EU action plan indicates dedicated liberal values, openness and the respecting of human rights in each Member nation.
On the other hand, flexibility is a core idea in the U.S. society where companies are left to substitute federal guidelines. The government of the United States has no specific law that targets privacy; however, there are rules and regulations by various agencies such as the Federal Trade Commission (FTC) and the National Institute of Standards and Technology (NIST). This layered approach of regulation bolsters the development of the tech industry while resulting in a lack of clear oversight and enforcement.
Despite the differences in the approaches, both regions acknowledge the need for the regulation of AI. Outcries for reforms have come about as a result of data privacy issues, bias, and misfeed, and risk from artificial intelligence. It is crucial to receive appropriate appreciation and attention as many policymakers already believe that this unbridled progress may result in economic and socio-stability disruption. Thus, the continuous negotiation between the EU and the US demonstrates the attempts on the way to reaching common visions on AI regulation.
Since AI technologies are rapidly progressing and rapidly penetrating into different spheres of human activity, the requirements and expectations towards the regulation of artificial intelligence grow steadily. The EU is advancing faster in legislation but the US is more conservative and currently even piloting sector-based governance only. However, both global players aspire to build AI’s future in a responsible manner. It is important to maintain a proper balance of both establishing innovation in AI while at the same time considering the welfare of the society.
Conclusion
In conclusion, The development of AI regulation in the EU and the US demonstrates that states respond proactively to new technological advances. That is why both regions are modifying their settings to both protect innovation and avoid unforeseeable dangers. Effective and prompt regulation will always be important as AI marches into society. We see it becoming decisive and having a visionary role in ensuring we create a favorable society from the right perspective that puts into consideration ethics ,transparency and most importantly the public trust to embrace this new technology.
