Ikechukwu Odoemelam Esq,
Corporate Attorney/Consultant
Since artificial intelligence (AI) became commonplace and applied by anyone
according to need an affordability, the entire world is not only aware but engaged in serious dialogue about how to respond to it.
European Union (EU) Act is the first global effort at regulating artificial intelligence (AI) aside from measures being taken by other sovereign states and political regions.
Apart from being strict, the emphasis of the Act is on the adoption of AI as a safe and environmentally friendly innovation.
More other concerns of the Act include transparency, non-discrimination and traceability. Most importantly the Act insists that the entire AI system should be under human supervision instead of AI.
That sounds reassuring to assuage the fear of possibile endangering human lives and existence by AI.
Other jurisdictions like USA and North America, opted for lessez-ferez approach; abhorring any form of legislative regulations. Instead the existing intellectual property rights: copyright, patent, trademark etc remain sacrosanct.
Whereas the judiciary are strengthened to uphold and protect these rights against any invasion or infringement by AI innovations.
Asian regions, especially China and India introduced strong regulations but they seem to be concerned about the control of AI within their sovereign enclaves.
The approach adopted by South American countries differ significantly from those dealt with already in this discourse.
Rather than embracing EU legislative approach or relying on the judicial powers like USA, they're using corporate governance as guide or minimum standard: the general rules and exceptions.
Some Latin America countries put in place measures to protect minorities from the effect of AI, and collectively punish breaches. Perhaps big entities and individuals are left to confront AI application where their rights are threatened.
African continent appear to be sizing up the latent adverse effects of AI, even though a large proportion of the continent have embraced the use and confidence is growing by the day.
It's not unlikely that when they're ready many of them may adopt legislative approach. Most of them have written constitutions as well as written IP laws.
Overall, the world is aware and awake to the presence of AI. Massive education, collaboration and global corporate governance are needed to harmonize use of AI and regulate it's use.
We're keeping in touch with developments and surely keep you updated. Meanwhile your comments, critique and perspectives are welcome.
Ikechukwu Odoemelam
#corporateleaders
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