More and more big companies say AI regulation is a business risk

Sun, 09/01/2024 - 23:02

European Parliament — As policymakers, like these European Union lawmakers, around the world decide how to regulate AI, some companies said that the laws could be a business risk.
Jean-Francois Badias/AP

Some of the top names in artificial intelligence, including Sam Altman, have called for AI regulation.
Some Fortune 500 companies worry that the uncertainty around future laws could be bad for business.
In annual filings, companies cite costs around compliance and penalties among some of the risks.

As tech leaders squabble over artificial intelligence regulations, their companies' legal departments are highlighting the business risks that the patchwork of early-stage rules could pose.