Regulation of AI becomes priority for governments; lawmakers consider issues like consumer dangers, privacy

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Regulation of AI becomes priority for governments; lawmakers consider issues like consumer dangers, privacy
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Tech firms are hoping that regulation will not slow down the development of the AI sector.

“I don't think ever in the history of human endeavour has there been as fundamental potential technological change as is presented by artificial intelligence,” said Mr Biden.Silicon Valley has a lot riding on the various proposals being developed, said experts.

For now, the tech industry is trying hard to engage governments ahead of any decisions on AI regulations. While stifling innovation is one concern, maintaining a competitive ecosystem is another, observers noted.

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