PYMNTS.com February 9, 2024
Advances in technology have a track record of productively transforming society.
Many technological innovations, from the sewing machine to the automobile and the elevator, have flourished under industry standard-setting and governmental oversight designed with ethical guidelines, transparency and responsible deployment in mind.
Frequently, however, these policy frameworks came much later and were enacted after a technology’s impact had been assessed.
Seat belts, for example, weren’t mandatory equipment in cars until 1968.
But when it comes to the impact of artificial intelligence, governments around the world are increasingly looking to ensure responsible development and deployment of the technology on a more accelerated timeline, as concerns grow around the innovation’s far-flung capabilities and the potential impact of their misuse across work, politics,...