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Data are the most coveted currency of our era, and technology giants like Facebook, Google, and Amazon are considered the behemoths of the data gathering industry. Several US states are going through the process of passing new comprehensive consumer privacy laws, in an attempt to give American citizens more control over their personal data.
.” This legislation aims to protectconsumers from the potential harms of AI by imposing strict requirements on developers and deployers of high-risk AI systems. Some view the legislation as necessary to ensure ethical AI development and maintain public trust in AI technologies.
Research shows that only 19 out of 60 countries have detailed regulations that cover taxation, AML/CFT, consumerprotection, and licensing [1]. State-of-the-art technology in cryptocurrency brings new risks, especially with decentralized finance (DeFi) platforms and non-fungible tokens (NFTs) [2].
The stakes are higher than everprotecting critical infrastructure will require not just technology, but also robust incident response plans and partnerships.'" Broader Implementation of AI Acceptable Use Policies: Industries may begin focusing on formalizing guidelines to promote the ethical, secure, and responsible use of AI technologies.
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