The Wall Street Journal reports that the state of artificial intelligence (AI) regulation in the U.S. – or the lack of it – is a pressing matter for Fortune 500 companies as they launch AI projects and find themselves in “a regulatory landscape bracketed by the European Union’s AI Act on one end and a hodgepodge of U.S. state initiatives in development on the other.” A recent analysis of filings with the Securities and Exchange Commission showed 137 of Fortune 500 companies cited AI regulation as a risk factor in their annual reports. George Kurian, chief executive of data storage and services company NetApp, says: “We need a combination of industry and consumer self-regulation, as well as formal regulation,” adding “If regulation is focused on enabling the confident use of AI, it can be a boon.” It is noted that some companies hope to get ahead of regulation by setting their own AI guidelines. Bhavesh Dayalji, S&P Global’s Chief AI Officer, said that because the financial information and analytics company has launched its own AI policies and practices, “we don’t anticipate any balanced industry regulation significantly impacting our approach.”
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