Leading the global wave of artificial intelligence regulation

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Leading the global wave artificial intelligence regulation
In order to allow the more technically savvy attendees to delve into the discussion of the technological advances on display at the Cannes Film Festival, I will focus on a less glamorous but nonetheless significant topic: the expected impact of upcoming AI regulation on digital market innovation and players. This topic was prominent during the festival, with several presentations devoted to it and many discussions covering relevant aspects of this trend.



While in Europe the discussion has largely revolved sri lanka number data the finalisation of the AI Act (the final text is expected following a vote by the EU Parliament in April 2024), it is important to recognise that this is now a global trend. Pam Dixon, Executive Director of the World Privacy Forum, provides compelling data on the exponential growth in government activity on AI regulation and highlights the huge differences in responses across jurisdictions. While some initially speculated that AI regulation might follow a similar path to the GDPR, establishing a quasi-global data protection standard that most entities would adapt to, it is becoming increasingly clear that this is not the case. For example, the OECD AI Observatory is compiling a database of national AI policy strategies and initiatives and currently records over 1,000 policy initiatives from 70 countries around the world.