In a recent article, EY is looking into the accelerating capabilities of Generative Artificial Intelligence (GenAI) — including large language models (LLM) — as well as systems using real-time geolocation data, facial recognition and advanced cognitive processing that have pushed AI regulation to the top of policy makers’ inboxes.
In Europe, for example, while some member countries want to liberalize the use of facial recognition by their police forces, the EU Parliament wants to impose tight restrictions as part of the AI Act. In another debate on AI legislation, the Indian Ministry of Electronics and IT published a strong statement in April, opting against AI regulation and stating that India “is implementing necessary policies and infrastructure measures to cultivate a robust AI sector, but does not intend to introduce legislation to regulate its growth.” Yet in May, the IT Minister announced India is planning to regulate AI platforms like ChatGPT and is “considering a regulatory framework for AI, which includes areas related to bias of algorithms and copyrights.” Similarly, while the US is not likely to pass new federal legislation on AI any time soon, regulators like the Federal Trade Commission (FTC) have responded to public concerns about the impact of Generative AI, by opening expansive investigations into some AI platforms.
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