South Korea introduced on Thursday what it says is the worlds first comprehensive set of laws regulating artificial intelligence AI, aiming to strengthen trust and safety in the sector but startups fretted compliance could hold them back.
Aiming to become one of the worlds top three AI powerhouses, South Korea is hoping its new AI Basic Act will help position the country as a leader in the field. The laws in their entirety have taken effect sooner than the EUs AI Act which is being applied in phases through to 2027.
Global divisions remain over how to regulate AI, with the US favouring a more light-touch approach to avoid stifling innovation. China has introduced some rules and proposed creating a body to coordinate global regulation.
