What will AI regulation look like for businesses?

Unlike food, medicine, and cars, we have yet to see clear regulations or laws to guide AI design in the US. Without standard guidelines, companies that design and develop ML models have historically worked off of their own perceptions of right and wrong. This is about to change. As the EU finalizes its AI Act and generative AI continues to rapidly evolve, we will see the artificial intelligence regulatory landscape shift from general, suggested frameworks to more permanent laws. The EU AI Act has spurred significant conversations among business leaders: How can we prepare for stricter AI regulations?