Brussels to the Bay: AI Governance in the World

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The development and use of Artificial Intelligence (AI) has accelerated in the last years and sky-rocketed in the last couple of months.

AI applications are contributing to better health solutions, climate modelling and energy-efficient agricultural production. The recent and incredibly fast "democratisation" of Generative AI holds the promise of further important breakthroughs, but also raises questions about ethics, how to protect our fundamental rights, and avoid harmful outcomes to our societies and democracies.

The EU and the United States, as international leaders spurring these technological developments, are today more than ever invested in promoting the responsible use of AI, and are working to coordinate their approaches within the EU-U.S. Trade and Technology Council. The EU is advancing with negotiations on the AI Act, the first major jurisdiction globally to regulate the processes and applications of AI through a binding, risk-based approach. The U.S. Administration has defined a vision for trustworthy AI in the form of a (non-binding) AI Bill of Rights, backed up by a voluntary AI Risk Management Framework, developed by the National Institute of Standards and Technology (NIST). The California State Legislature has also begun discussions on several AI bills.

How will these initiatives help maximise the opportunities that AI, including Generative AI, offers and how will they minimise the risks? What can we learn from each other and from the rest of the world?