The potential of artificial intelligence is unprecedented. Governments have realised this fact and 42 countries have come together to support a global governance framework for AI.
The move was signed by OECD countries like the US, UK, Japan as well as non-OECD countries. Given that most of the people who make up governments around the world grew up in an era before the internet, most are still just beginning to understand the ethical and practical consequences of AI.
“For the first time in history, America and like-minded democracies of the world will commit to common AI principles reflecting our shared values and priorities. These principles send a strong message: the OECD countries stand together in unleashing AI innovation, understanding that it is an essential tool to drive economic growth, empower workers, and lift up quality of life for all.”Michael Kratsios, US representative at the OECD forum, and deputy assistant to Donald Trump for technology policy.
AI is getting serious regulatory attention. World Economic Forum formed six new-age technology councils, one of which is dedicated to AI policy guidance. Even China has published its own code of AI ethics.
While this has been a welcomed move for many countries, India is “being cautious about the ‘overregulation’ of AI.” It prefers to keep an open mind when it comes to AI ethics, and has recently emphasised an “AI for all” approach in its national strategy for AI.
In contrast to most developed economies, India sees this approach to solve the country’s pressing social challenges, which raises doubts about the country’s (control) intentions for its citizens.
As artificial intelligence is beginning its exponential growth, this move could not have come at a better time to regulate the superpower of AI. Read more about the move and how other countries are embracing AI regulations here.