Fortune September 11, 2023
Victoria Espinel

Nine months ago, ChatGPT was released, capturing the public’s attention unlike any innovation in recent memory. The excitement around AI’s opportunities also came with legitimate concerns over its potential negative impacts, as well as calls by industry and government for significant and enforceable rules. However, the window for the U.S. to influence the global debate on how to regulate AI is rapidly closing.

While much AI innovation is happening in the U.S., other governments around the world are moving more quickly to shape future rules. In November, the U.K. is hosting a global AI summit. By the end of 2023, the European Union will have finalized its AI Act, the most comprehensive AI law enacted to date. Japan will have...

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