US and EU at odds over AI regulations: Is China poised to intervene? – POLITICO

Global Power Struggle over AI Regulation: What’s at Stake for the Future of Technology?

As the world grapples with the regulation of AI, a global political battle has been unfolding for the past year. This digital power struggle remains ongoing, with the victor establishing dominance over regulations for this groundbreaking technology. The rules agreed upon now will likely shape the future of AI regulation for years to come, making them crucial decisions.

During a recent debate, Clegg, a former British deputy prime minister, compared policing AI to building a plane while it’s already in flight — a risky and challenging task. Harris praised Washington’s efforts to address AI risks through voluntary business agreements, seen as the gold standard worldwide. von der Leyen, president of the European Commission, encouraged others to adopt Brussels’ enforceable rulebook to regulate technology more effectively.

Many observers likened the negotiations in the UK to European powers dividing territories in the 19th century. The involvement of various countries, including China, EU members, and the US, in signing a voluntary agreement to minimize AI risks reflects the growing awareness of the issue. As OpenAI’s ChatGPT has catalyzed political attention, it has become clear that AI regulation is becoming increasingly important.

Policymakers anticipate a fierce competition to establish control over AI in the coming years, with winners and losers emerging by 2024 as new standards are set. POLITICO conducted interviews with numerous politicians, policymakers, tech executives, and other stakeholders, uncovering the complex dynamics shaping the global response to AI. Many who were interviewed shared insights on sensitive matters, shedding light on the challenges and opportunities presented by this disruptive technology.

The discussion highlighted that there is no consensus on how best to regulate this technology globally. Some argue that governments should take a more active role in regulating AI development and deployment while others believe that industry self-regulation is sufficient.

As such, there are ongoing debates about whether governments should establish strict guidelines for ethical considerations such as transparency and accountability or allow companies to set their own standards.

Overall though one thing is clear: policymakers will have an important role in shaping how we use this powerful technology moving forward.

In conclusion

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