What's Next for AI Regulation in 2024?

📌 The EU AI Act mandates increased transparency and accountability in AI development, particularly for high-risk AI systems.

📌 Open-source AI companies are largely exempt from the AI Act's transparency requirements.

📌 The AI Liability Directive, under negotiation, will ensure financial compensation for those harmed by AI technologies.

📌 The "Brussels effect" indicates that the EU's proactive stance in AI regulation might become a global benchmark, similar to the impact of GDPR.

📌 China's fragmented approach to AI regulation is expected to evolve into a comprehensive AI law, aiming for a more holistic governance framework.