Despite this, there are concerns that the law does not go far enough, with critics arguing that it lacks the teeth to force companies to change their practices. Democratic Governor Jared Polis signed the bill with reservations, suggesting that a national approach would be more effective. The state has created a 26-member AI impact task force to refine and amend the policy before it goes into effect. The law is seen as a first step towards ensuring that AI technology is used ethically and without bias.
Key takeaways:
- Colorado has become the first state in the U.S. to introduce comprehensive regulations on the use of artificial intelligence (AI) systems in companies' decision-making, with the law set to take effect in 2026.
- The law requires companies to inform individuals when an AI system is being used and allows them to correct input data or file a complaint if they believe they have been treated unfairly by the technology.
- The law applies to specific industries, including education enrollment, employment, financial and lending services, essential government services, health care, housing, insurance, and legal services.
- Despite signing the bill, Governor Jared Polis expressed concerns about the impact of the law on the tech industry and suggested that a national approach would be more effective.