Today’s global regulatory landscape offers diverse approaches for projects incorporating AI into their products. Some have compared this pivotal moment to the invention of the internet in terms of transformative potential. Certain countries strictly prohibit unmonitored use of AI systems within their borders and even extend these restrictions extraterritorially, while others adopt more permissive regulatory frameworks that allow for greater experimentation.

European Union

The EU Artificial Intelligence Act (AI Act) is a comprehensive regulation governing the development and use of artificial intelligence within the European Union. It establishes a risk-based framework, categorizing AI systems into four risk levels: unacceptable, high, limited, and minimal. Key provisions include:

  • Unacceptable Risk: Banned AI applications.
  • High-Risk Applications: Must comply with strict security and transparency requirements.
  • Limited-Risk Applications: Require transparency obligations.
  • Minimal-Risk Applications: Not regulated.

The Act also creates bodies like the European Artificial Intelligence Board to ensure compliance and promote national cooperation. It entered into force on August 1, 2024.

Middle East

The Middle East is rapidly embracing artificial intelligence (AI), with significant potential for economic growth. By 2030, AI is projected to contribute $320 billion to the region's economy, representing about 2% of global benefits. Key countries like the UAE and Saudi Arabia are leading this push:

  • UAE: Aims to become a global AI leader by 2031 through initiatives like the UAE Artificial Intelligence Strategy 2031. Dubai has appointed chief AI officers across government departments.
  • Saudi Arabia: Plans to invest heavily in AI as part of Vision 2030, establishing a $40 billion fund and developing Arabic language models.

These efforts could transform the region from a technology consumer to an innovator, but require investments in talent development.

South Asia

India is strategically navigating the rise of artificial intelligence (AI) through a balanced approach that fosters innovation while ensuring responsible deployment. While India currently lacks a dedicated law for AI, the government has established guidelines and initiatives to ensure ethical AI development and address legal concerns.

South East Asia

Singapore does not currently have specific laws or regulations directly governing artificial intelligence (AI). Instead, it takes a "soft touch" approach, utilizing frameworks and guidelines to promote responsible AI use and innovation. Sector-specific regulations address AI risks in areas like health and transport.

Right now, we can conclude that rules are still under development in most regions and jurisdictions. Some gaps are not covered, considering the potential impact on society and business. Yet, creating more possibilities for startups and science significantly impacts a region's ability to gain a leading position in the future.