PYMNTS.com September 15, 2023
The world’s moving on artificial intelligence (AI), and it’s because AI already moved the world.
But the story is nothing new: governments are often, and nearly always, caught playing catchup when it comes to overseeing novel and innovative new technologies.
Of the world’s largest market economies, the European Union (EU) moved first in creating laws, while China got there first in enacting a framework around AI.
Now, the U.S. is starting to shape up its own approach with a series of congressional hearings, both public and closed-door, featuring in-depth testimony from AI executives and industry experts.
That’s because one of the more pressing challenges confronting the world’s governments is simply socializing a basic understanding of how the technology operates among...
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