Artificial Intelligence’s global race is set. The U.S. appears to be leading the way.
At the moment, several huge tech companies like OpenAI, Microsoft, Google, and Meta call the U.S. home. However, experts believe that the lack of federal legislation is also a contributing factor to this. Up to now, New York City’s Local Law 144 is the only existing legislation that requires a bias audit in automated hiring processes. Nevertheless, other states like California and New Jersey are also creating their versions of state legislation.
While the U.S. is making strides in AI, the European Union is also a key player in AI governance, setting standards for AI risk management. However, Europe-based tech start-ups are concerned that heavier legislation coming out of the EU will impede innovation and cause them to fall behind those in the U.S., which has less red tape.
In the meantime, the UK is developing its own AI rulebook. With legislation in the U.S. and the EU, the future of global AI governance remains an open question – it’s pivotal for tech regulation but also demands innovation.