The EU AI Act aims to create a comprehensive framework for governing artificial intelligence, with an emphasis on a Code of Practice being developed by various stakeholders. However, leading US companies are lobbying for a diluted version of the Code, which undermines the legitimacy of the process and threatens to prioritize corporate interests over the public good.
Latin America faces a crucial decision on whether to develop AI governance on its own terms or risk becoming a regulatory colony of Silicon Valley and Brussels. Policymakers across the region are realizing that effective AI regulation can not only mitigate risks but also foster innovation and attract responsible investments.
In a thought-provoking discussion at the 20th Internet Governance Forum, Jovan Kurbalija suggested that understanding AI governance may require viewing it through the lens of magical realism, where the extraordinary intertwines with the mundane. He emphasized that just as magical realism comments on societal truths, AI presents new ethical dilemmas that challenge our perceptions of power, identity, and reality.
Key US senators have reached an agreement to pause state regulations on artificial intelligence for five years, a move that has garnered support from major tech companies and venture capitalists. The deal, which exempts certain state laws protecting children and musicians, reflects ongoing debates about the balance between innovation and regulation in the AI sector.