MLex

The complete picture on AI regulation, with global insights from MLex庐

As regulators world-wide grapple with the impact of artificial intelligence on all sectors, MLex correspondents continue to bring subscribers specialist news and predictive insights from North America, Europe, the UK and Asia-Pacific鈥晈ith highlights from the beginning of February including:

Guest articles from MLex: The specialist news and analysis you need to stay ahead of fast-moving regulatory shifts in the UK and across the globe..

Select a territory for insight

United Kingdom

Companies developing generative AI systems need more "steer" from regulators as their technology evolves, a report by a committee of UK lawmakers said today. The government should avoid any catastrophizing and focus on promoting innovation, evading regulatory capture, and resolving emerging competition and copyright problems. If the UK does not adjust its regulatory approach, it could miss out on the opportunities brought by AI, they worried.

United States

With the US Federal Trade Commission ordering companies to delete algorithms and data because of privacy violations, companies planning to launch AI products need to carefully weigh regulatory risks against the benefits of those products, experts agreed at a key legal gathering in New York this week. A new FTC order today underscored that regulatory risk.

Europe

The EU鈥檚 landmark artificial intelligence law today moved closer to final approval, after passing a key legislative stage. Ambassadors representing EU national governments signed off on the final version of the legislation, after weeks of doubts that it would pass muster with France and Germany. The agreement was unanimous, a spokesman for the Belgian government said. The European Parliament will also vote on it in the coming weeks.

Australia

Excessive regulation could make the Australian market undesirable for international artificial intelligence developers, the country鈥檚 chief economic advisory agency warned. This week, the Productivity Commission published three papers on Australia鈥檚 AI opportunity and regulation. The papers emphasize the need to reduce the size and likelihood of harm from AI to acceptable levels without imposing an 鈥渆xcessive regulatory burden on society.鈥�