Update on Global AI Regulations (November 2023)

Update on Global AI Regulations (November 2023)

AI is one of the most transformative technologies of our time, with the potential to bring enormous benefits to society and the economy. However, AI also poses significant challenges and risks, such as ethical dilemmas, human rights implications, social impacts, and security threats. Therefore, it is crucial to have appropriate and effective regulations on AI that can foster innovation, protect the public interest, and ensure trust and accountability.

Different countries and regions have different approaches and priorities when it comes to regulating AI. Some of the factors that influence their AI regulation strategies include their level of development, their cultural and legal traditions, their political and economic interests, and their international commitments.

Runway strategies has made an overview image for the status of AI regulation across the globe. It touches upon the developments and stages of regulations within: 

• the US;
• Canada;
• the UK;
• the EU;
• China;
• Japan;
• South Korea;
• Australia;
• Singapore;
• India;
• Brazil; and
• Mexico.