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During a recent debate, former British deputy prime minister Clegg compared policing AI to building a plane while it’s already in flight – a risky and challenging task. However, Washington has been praised for its efforts to address AI risks through voluntary business agreements, which are seen as the gold standard worldwide. European Commission president von der Leyen encouraged others to adopt Brussels’ enforceable rulebook to regulate technology more effectively.

The discussion highlighted the ongoing global political battle over the regulation of AI for the past year. Many observers likened the negotiations in the UK to European powers dividing territories in the 19th century, with various countries, including China, EU members, and the US, signing a voluntary agreement to minimize AI risks. The involvement of these countries reflects growing awareness of the issue and highlights OpenAI’s ChatGPT’s role in catalyzing political attention.

Policymakers anticipate a fierce competition to establish control over AI in the coming years, with winners and losers emerging by 2024 as new standards are set. POLITICO conducted interviews with numerous politicians, policymakers, tech executives, and other stakeholders, uncovering complex dynamics shaping the global response to this disruptive technology. Many who were interviewed shared insights on sensitive matters, shedding light on challenges and opportunities presented by this revolutionary technology.

In conclusion, AI regulation is becoming increasingly important as governments around the world grapple with how to manage this groundbreaking technology responsibly. The rules agreed upon now will likely shape the future of AI regulation for years to come, making them crucial decisions that will impact society as a whole.

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