The author believes that regulations can stimulate innovation by setting standards and creating a predictable environment for investment and research. The article suggests that companies can ensure accuracy and advance adoption by investing in high-quality data and human feedback. The author concludes by stating that trust will be the cornerstone of AI adoption and with the right mix of innovation, regulation, and resources, the future of AI looks bright.
Key takeaways:
- The AI conversation is shifting focus from excitement about its potential to perceived risks and ways to make it more trustworthy, with concerns about misinformation, job displacement, and economic disparity.
- Global regulations are being driven by Western governments that want to benefit the companies within their borders, while India, South America and the Global South are looking at the technology’s potential to drive economic prosperity.
- Regulations can accelerate innovation by setting standards that require new approaches and creating a stable and predictable environment in which to work, encouraging investment and research in new technologies.
- Trust will be the cornerstone of AI adoption and with the right mix of innovation, regulation and resources, the way forward for AI looks bright.