Regula

AI's reach depends on the environments in which it operates as well as how it is developed and deployed, highlighting a fundamental debate on whether we should push for regulation or opt for free-market-driven deregulation.

AI governance expert Simon McDougall says businesses should avoid trying to make predictions in the uncertain AI regulation space.

AI is well-suited to simplify compliance and help regulators foresee the consequences of proposed regulations.

Putting aside the fact that the bots I tested were promoted by Botify AI as "featured" characters and received millions of likes before being removed, Rodichev's response highlights something important. Despite their soaring popularity, AI companionship sites mostly operate in a Wild West, with few laws or even basic rules governing them.

Tech giants Google and Meta have voiced their concerns over the European Union's strict regulations on artificial intelligence (AI), arguing that such measures could stifle innovation in the region. The criticism comes as the EU continues to enforce its AI Act,

Principal Scientific Adviser Ajay Kumar Sood discussed India's AI policies, emphasizing that they aim to support innovation while ensuring privacy and legal compliance. Foreign AI models can operate in India if they obey local laws.

"I agree with industries on the fact that now, we also have to look at our rules, that we have too much overlapping regulation," Commission Vice President Henna Virkkunen told Reuters on the sidelines of an AI summit in Paris.

Market-based governance introduces a shift from top-down regulatory control to bottom-up incentive structures that naturally promote AI safety. Unlike rigid regulations, market-driven governance mechanisms encourage self-regulation through economic forces.