While the rapid development of artificial intelligence offers considerable value for businesses in a range of industries, it also presents a key concern for their tech chiefs. Should they seize every new opportunity offered by AI and risk falling foul of any future regulation, or should they wait for a clear compliance framework to be constructed and so risk falling behind their early-adopting rivals?
Not for the first time, legislators have fallen behind the technological curve. For firms seeking to implement AI in a measured, responsible way, there’s no way to know for certain that they’re going to comply with the rules that are eventually enacted. The sheer speed at which new applications for this powerful technology are emerging makes it impossible to anticipate, let alone mitigate, all the associated risks.