Regulating under Uncertainty: Governance Options for Generative AI

Abstract

The revolution underway in the development of artificial intelligence promises to transform the economy and all social systems. It is difficult to think of an area of life that will not be affected in some way by AI, if the claims of the most ardent of AI cheerleaders prove true.  Although innovation in AI has occurred for many decades, the two years since the release of ChatGPT have been marked by an exponential rise in development and attention to the technology. Unsurprisingly, governmental policy and regulation has lagged behind the fast pace of technological development.  Nevertheless, a wealth of laws, both proposed and enacted, have emerged around the world. The purpose of this report is to canvas and analyze the existing array of proposals for governance of generative AI.

Keywords: Generative AI, AI Regulation, AI Act, LLM, AI Governance