This year is significant for establishing guardrails around artificial intelligence (AI), with major regions like the European Union, the United States and China converging over a risk-based regulatory approach, albeit with distinct differences. This trend reflects a broader trend toward digital sovereignty, with governments seeking increased control over their digital markets and technologies to ensure safety and security, while aiming to boost their AI competitiveness.
The pursuit of digital sovereignty, while both necessary and legitimate, carries the risk of erecting new barriers. This requires global efforts to strike a balance between maintaining control and fostering collaboration and openness.
Regulatory initiatives
From a regulatory standpoint, the EU is at the forefront with its first comprehensive AI legislation, the AI Act, which was adopted by the European Parliament in March. The act establishes a four-tiered risk framework that prohibits certain AI applications, enforces strict regulations and conformity assessments
