Regulating Artificial Intelligence Requires Balancing Rights, Innovation

Across the technology industry, artificial intelligence (AI) has boomed over the last year. Lensa went viral creating artistic avatar artwork generated from real-life photos. The OpenAI chatbot ChatGPT garnered praise as a revolutionary leap in generative AI with the ability to provide answers to complex questions in natural language text. Such innovations have ignited an outpouring of investments even as the tech sector continues to experience major losses in stock value along with massive job cuts. And there is no indication the development of these AI-powered capabilities will slow down from their record pace. Governments and corporations are projected to invest hundreds of billions of dollars on associated technologies globally in the next year.