November 29, 2024

United States: broader AI regulation is in the pipeline

In this article:

Global AI leadership: The US leads in AI technology development, with California hosting 32 of the top 50 AI companies globally.
Regulatory approach: Unlike Europe’s sector-agnostic AI regulations, the US adopts narrow, industry-specific rules while moving toward broader algorithmic and AI governance.
Relevant regulations: Existing laws like the FTC Act, Equal Credit Opportunity Act, HIPAA, and others indirectly regulate AI, addressing issues like privacy, discrimination, and fairness.
Emerging frameworks: Recent initiatives include a Presidential Executive Order, a proposed federal law, and a California bill, hinting at future AI-focused regulation.
Navigating compliance: AI companies in the US will face increasing regulatory requirements, balancing innovation with ethical and legal responsibilities.
This briefing focuses on three recent examples of successful or pending horizonal AI regulation introduced by different branches of the US government
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