The surge in artificial intelligence (AI) development is presenting significant governance challenges for employers. As highlighted in the AI Governance in Practice Report 2024 by FTI Consulting and the International Association of Privacy Professionals, stakeholders across industries are now grappling with the intricate landscape of AI governance. This includes navigating policies, laws, and regulations essential to guiding the development, use, and deployment of AI systems.
Examples of critical AI governance efforts include the EU AI Act, the White House’s Blueprint for an AI Bill of Rights, India’s Digital India Act, and the OECD Framework for Classifying AI Systems.
FTI Technology Global CEO Sophie Ross notes that businesses and governments are “grappling with how to set boundaries while staying competitive in the technology transformation race.” For more detailed insights, you can read the full story on Law.com.