AI Regulations Take Shape Worldwide

PYMNTS.com May 22, 2024

New artificial intelligence (AI) regulations are rolling out around the world.

Colorado has become the first U.S. state to regulate AI, aiming to prevent consumer harm and discrimination. New requirements for high-risk AI systems will start in 2026.

Meanwhile, the EU’s comprehensive AI Act, set to influence global regulations, will take effect soon, and Japan is considering requiring major AI developers to disclose information for security and fairness.

Colorado Becomes First State to Regulate AI

Colorado became the first U.S. state to create a regulatory framework for AI last week, as Gov. Jared Polis signed a bill setting guardrails for companies developing and using the technology.

The law, which takes effect in 2026, aims to prevent consumer harm and discrimination...

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