Factbox: Governments race to regulate AI tools – Reuters

As artificial intelligence (AI) continues to advance at a rapid pace, governments around the world are scrambling to develop regulations to govern the use of AI tools. Here is a factbox highlighting some key developments in the race to regulate AI:

1. United States:
– The U.S. government has taken a relatively hands-off approach to AI regulation, focusing on promoting innovation and industry self-regulation.
– However, concerns over privacy, bias, and job displacement have prompted discussions about the need for AI-specific regulations.
– Some states, like California, have implemented laws requiring transparency in AI algorithms used by government agencies.

2. European Union (EU):
– The EU has been at the forefront of AI regulation, aiming to establish a comprehensive legal framework.
– In April 2021, the EU proposed the Artificial Intelligence Act, which seeks to regulate high-risk AI applications and ban certain uses of AI, such as social scoring and biometric identification.
– The Act also includes provisions

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