Companies should stay up to speed on this AI regulatory framework, which is transforming at the federal, state, and international level. Congress has actively investigated AI, holding meetings with stakeholders, proposing a variety of legislation, and forming an Artificial Intelligence Caucus to "ensure that rapid innovation in AI [. On March 13, 2024, the European Commission passed the "EU AI Act," described as the "first comprehensive law on AI by a major regulator anywhere,"8 by a 523-46 vote.9 The AI Act introduces a sweeping regulatory and legal framework for AI across a broad range of sectors. Joseph R. Biden, Jr. "Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence". The EU Artificial Intelligence Act.

Source: International New York Times May 24, 2024 20:07 UTC