PYMNTS.com November 6, 2024

The U.K. government unveiled a standardized digital platform for AI safety verification this week, projecting a 6.5 billion-pound market by 2035, while AI developer Anthropic warned that governments have just 18 months to implement effective regulation before risks escalate. The calls for swift oversight come as the Brooks Tech Policy Institute proposed a new regulatory framework dubbed the “SETO Loop,” designed to help policymakers tackle mounting concerns about AI governance.

Anthropic Calls for Swift AI Regulation

Artificial intelligence company Anthropic is urging governments to implement targeted regulation within the next 18 months, warning that the window for proactive risk prevention is closing as AI capabilities rapidly advance.

“Dragging our feet might lead to the worst of both worlds: poorly-designed, knee-jerk...

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Topics: AI (Artificial Intelligence), Govt Agencies, Regulations, Technology
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