AI Regulation: EU and US Take Divergent Approaches Amid Ongoing Negotiations

As the EU pushes for a 'risk-based' approach, the US favors an 'incentive-based' approach, while AI experts call for transparency and partnerships in AI development.

EU and US lawmakers are taking divergent approaches to AI regulation, with the EU pushing for a 'risk-based' approach and the US favoring an 'incentive-based' approach.
Negotiations on the EU AI Act, the world's most ambitious law to regulate AI, are ongoing, with opposition from France, Germany, and Italy threatening to derail the process.
US Senate Majority Leader Charles E. Schumer has indicated that the bipartisan group is beginning to work on AI legislation, but has provided few specifics.
AI experts at the DealBook Summit agreed that some form of AI regulation is needed, but opinions vary on the breadth and enforceability of such rules.
AI experts also emphasized the need for transparency and partnerships between government, industry, and university research in the development and use of AI.