The Future Of AI In Gibraltar And The Need To Regulate

Artificial Intelligence ('AI') is a rapidly growing field with the potential to significantly revolutionise the way in which we both live and work. AI has already begun reshaping the global economy; influencing everything from financial services to healthcare and the legal profession. Nevertheless, as this new technology evolves and grows, so too does the associated risks and by default, need for regulation. This need has already been recognised by the Chief Minister of the Government in Gibraltar, who, in December 2023, stated that the Government intended to regulate the use of AI in Gibraltar. Indeed, all around the world jurisdictions are racing to set global standards in the regulation of AI, none more so than the EU, with their EU AI Act which entered into force on 1 August 2024. In the United Kingdom, the House of Lords recently rejected some of the proposed amendments to the Data (Use and Access) Bill. The Lords argued for more protection for artists from AI,