The State of AI Regulations in 2023

2022 signalled a strong year for artificial intelligence (AI) with projections that the global revenue of the AI market is set to grow by 19.6% each year and reach $500 billion this year. With the ubiquitous proliferation of AI, there has also been a similarly paced regulatory focus.

The momentum of 2022, which saw the general approach to the EU AI Act adopted in December, the publishing of the United States (US) AI Bill of Rights in October, the UK’s AI Regulation Policy Paper in July, and the enforcement of China’s Algorithmic Recommendation Management Provisions in March, has set a strong precedent of what is to come.

This year, 2023, the groundwork will be laid for the EU AI Act to take effect within the next two years, prompting the establishment of risk management frameworks. In the United States, the focus will be on how regulatory bodies and case law lead the pack in targeting companies that proliferate algorithmic discrimination or intentionally use bad data, and dark patterns.

Looking at the four global leaders in the AI regulatory eco-system, this publication sheds light on current approaches to regulation, while providing high-level breakdowns of what to watch for in 2023 and commenting on what this means for AI governance going forward.

Inside, you'll find:

• An in-depth look at the current state of AI regulation around the world, including the four main players: the EU, US, UK, China, and more
• A detailed overview of the potential impact of AI regulation on businesses
• Where regulation looks to be heading next