We are pleased to announce the latest post on the SUARA SEACEN Blog by Meltem Chadwick, Ayse Sungur, and Ole Rummel.
Regulating AI – the how’s, when’s, why’s and where’s?
It is not unusual for innovation to outpace regulation. In the past, this was the case for the many instances of financial innovation, and it is happening again with the rapid ascent of artificial intelligence (AI) in all sectors of the economy, finance and financial services included. The most notable current effort is the European Union’s (EU) Artificial Intelligence Act, which came into effect on 1 August 2024. This is the world’s most comprehensive regulatory framework for AI that has the potential to shape the development and implementation of AI systems in the coming decades, both within the EU and globally.
Check out the blog to find out what the AI Act is, what it does and how it may affect the regulatory framework in Southeast Asia.
Click here to read.
