Innovating Responsibly: AI Regulation, Sustainable Developments and Challenges

Abstract

The rapid advancement of AI has revolutionized industries and catalyzed new business models. However, lacking a cohesive regulatory framework has raised significant ethical, legal, and societal challenges. This article critically examines AI’s progress, regulatory challenges, and existing measures, under- scoring the urgent need for comprehensive regulations in the cybernetic era. It provides a global analysis of AI governance in the US, China, the EU, and India, highlighting key issues such as regulatory approaches, driving forces behind AI regulation, and the roles of stakeholders, including experts, regulatory bodies, and organizations. The article provides insight into the evolving AI regulation landscape and current regulatory gaps. This work aims to inform policymakers, foster international collaboration, and equip stakeholders with essential insights into AI regulation.