Regulation—good or bad?
Depends on who you ask.
For tech, the debate is around AI, and governments, policymakers, and businesses remain stalled on regulation even as the adoption of this evolving technology is the only thing anyone talks about nowadays.
So, where does global AI regulation currently stand? Our friends at our sister agency, Glen Echo Group, broke it down for us:
The global divide is evident.
At the Artificial Intelligence Action Summit in Paris earlier this month, many nations, including France, India, and China, signed the International AI Action Statement. The US and UK declined.
The delicate dance of balancing innovation and regulation.
While the EU leads the charge in regulating AI, it trails in its development. French President Emmanuel Macron signaled that regulation might not be the key to unlocking innovation. U.S. Vice President JD Vance went a step further in his remarks, saying that overregulating AI will "kill a transformative industry just as it's taking off.”
That said, no comprehensive AI legislation is under consideration in Congress, and too much deregulation risks oversight of crucial safeguards as AI-generated content risks the spread of hateful, dangerous, or fraudulent misinformation and disinformation at an unprecedented scale.
How AI is regulated (or not) will impact every industry, especially media and journalism.
As publications ink content licensing deals with major players like OpenAI, we wonder: What about the risk of copyright?
Copyright rules are changing in favor of a more equal human-AI partnership, and many publications have followed suit. While the New York Times is suing companies behind AI models for copyright violations, the publication uses AI tools in the newsroom.
Here’s what Glen Echo’s CEO & Founder Maura Colleton Corbett says about it: “The hype around AI is not an honest educator; it is neither our savior nor our downfall, but another technological advancement that will be as good as we make it to be.”
To learn more about how AI regulations could impact your business, contact Glen Echo Group.