Korea has passed the AI Basic Act, making it the second country globally to establish a comprehensive legal framework for artificial intelligence development. The law aims to enhance national competitiveness in AI while ensuring safety and transparency in its application.
Governments worldwide are rapidly developing regulations to address concerns related to AI, including data privacy, bias, and safety. While the European Union has implemented a comprehensive regulatory framework, other regions like the US and China are taking varied approaches, leading to significant implications for innovation and industry practices.
The document discusses the current state of AI regulation in the United States, highlighting the reliance on existing federal laws while noting the challenges posed by a patchwork of state and local regulations. It outlines various proposed AI bills in Congress aimed at addressing issues such as safety, privacy, and discrimination in AI applications.
South Korea’s National Assembly has passed the “Basic Act on the Development of Artificial Intelligence and the Establishment of Trust,” making it the second jurisdiction after the EU to implement comprehensive AI legislation. The Act aims to foster AI innovation while addressing ethical and societal concerns, imposing stricter requirements on high-impact AI systems.
The European Union’s AI Act, which took effect on August 1, 2024, is the world’s first comprehensive regulation for artificial intelligence, implementing a risk-based framework to ensure technology aligns with societal values. This legislation not only imposes strict measures on high-risk AI systems but also bans unacceptable practices, such as social scoring and police profiling, potentially influencing global AI governance standards.
The EU AI Act is a groundbreaking piece of legislation that aims to revolutionize AI governance by setting stringent requirements for transparency and accountability. As organizations adapt to these new standards, they are discovering that ethical practices not only enhance compliance but also foster greater trust and engagement from users.