2023 Will Be The Year Of AI Ethics Legislation Acceleration

Ethical AI will need careful planting of many ecosystems. Ethical AI has been a concern of AI leaders, and practitioners for many years, but finally it seems, global jurisdictions are starting to move from policy formulation and stakeholder engagement to putting some teeth into drafting legal bills or acts. Expect many new laws to pass in 2023, tightening up citizen privacy and creating risk frameworks and audit requirements for data bias, privacy and security risks. At the same time, regulators are going to have to evolve an entire global ecosystem to ensure AI audits are effectively conducted and many questions loom as to who will validate certifications for AI audit practices and will we over burden AI innovations like we have done in so many other regulated operating practices that the risk and costs of non-conformance inhibit's innovation and capital funding? Finding a balance will be key.