Can you navigate the challenges of AI Regulation?
(Sponsored article)
Artificial intelligence (AI) is driving a wave of technological progress, transforming industries with its capabilities. Whether it is powering everyday voice assistants such as Siri and Alexa or revolutionising healthcare through disease diagnosis and tailored online experiences, AI algorithms excel at analysing vast amounts of data, identifying patterns, and making data-driven decisions with remarkable speed and accuracy. However, this rapid advancement also brings forth complex challenges in regulating AI technologies effectively, raising concerns about the risks of uncontrolled AI development and deployment.
The ever-evolving nature of AI technologies introduces new capabilities, applications, and risks at an unprecedented pace. This outpaces the development of regulatory guidelines and standards, creating a gap between technological advancements and regulatory oversight. Regulators face the formidable task of adapting regulations quickly to address emerging risks and ensure responsible AI development and deployment.
Adding to the complexity is the lack of consensus on how to define and categorise AI systems for regulatory purposes. Striking a balance between overregulation, which could stifle innovation, and under-regulation, which could enable harm, is crucial. Enforcing regulations is further complicated by the opaque nature of some AI systems, making it difficult to audit, interpret, and hold accountable. Furthermore, with AI development and deployment often spanning geographical borders, jurisdictional issues add another layer of complexity to establishing effective controls.
This whitepaper delves into these intricate issues, serving as a comprehensive guide for navigating the regulatory landscape of AI. It will explore the current state of AI regulation both locally and globally, shed light on the challenges in governing these systems, discuss proposed frameworks for responsible AI development, and examine the road ahead and what the evolving AI regulatory environment means for businesses developing, deploying and using AI technologies.
Read the full whitepaper: https://www.lexisnexis.com.au/en/insights-and-analysis/research-and-whitepapers/2024/navigating-the-challenges-of-ai-regulation
About LexisNexis
LexisNexis is part of RELX Group, a world-leading provider of information and analytics for professional and business customers across industries. LexisNexis helps customers to achieve their goals in more than 175 countries, across six continents, with over 10,000 employees.