Companies Seek AI Regulations to Spur Investment and Address Safety Concerns as U.S. Lags Behind Europe and China

Companies want regulations to provide clarity on AI investments and prevent wildly different rules across states.

Regulations would help reassure consumers about safety and prevent issues like discrimination.

The EU and China already have regulations in progress, so the US is behind.

Companies are engaging with US lawmakers, but regulation may struggle to keep pace with innovation.

Lack of regulation leaves issues like accuracy, IP protection, bias, and consumer safety largely uncontrolled.