As A.I. Booms, Lawmakers Struggle to Understand the Technology - The New York Times

"By failing to establish such guardrails, policymakers are creating the conditions for a race to the bottom in irresponsible A.I.," she said. In the regulatory vacuum, the European Union has taken a leadership role. In 2021, E.U. policymakers proposed a law focused on regulating the A.I. technologies that might create the most harm, such as facial recognition and applications linked to critical public infrastructure like the water supply. The measure, which is expected to be passed as soon as this year, would require makers of A.I. to conduct risk assessments of how their applications could affect health, safety and individual rights, like freedom of expression. Companies that violated the law could be fined up to 6 percent of their global revenue, which could total billions of dollars for the world's largest tech platforms.