A Guide to the Regulation of Artificial Intelligence

In the future, artificial intelligence may be the facilitator of decision-making, financial instruments and even conclusion of contracts. However, its actual power to impact these and other activities is difficult to predict. That's why various leading experts and organizations are pushing for the regulation of AI at many levels, all the way from consumer-grade to international markets. But it remains to be seen how AI use within companies can be regulated, what form this regulation will take and whether it can be truly effective. By contrast, Musk appears to fear that autonomous machines will take control of the world, having seemingly failed to grasp the definition of AI for the purposes of the debate over regulation. AI consists of the software-level processes capable of performing functions such as sifting through large quantities of data and reaching conclusions in line with their programmed parameters; the main application of AI lies in saving similarly capable humans from conducting lengthy and tedious tasks.