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ARTICLE · 25 AUGUST 2023

Providers Of AI Systems Ten Steps Towards Future Compliance

Proskauer Rose LLP
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The global AI market was valued at $95.60 billion in 2021 and is predicted to reach $1.85 trillion by 2030, registering a compound annual growth rate of 32.9 per cent.

GlobalTechnology
Oliver R. Howley
Oliver R. Howley
Kelly McMullon
Kelly McMullon
Peter Cramer
Peter Cramer
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The global AI market was valued at $95.60 billion in 2021 and is predicted to reach $1.85 trillion by 2030, registering a compound annual growth rate of 32.9 per cent. Alongside this growth and the proliferation of AI use cases across industries, governments have quickly focused their sights on providers of the technology. Laws that specifically target AI system providers in the EU, UK and the US currently appear only in draft form or as non-binding guidance, or have otherwise not yet come into effect. However, the evolution of such draft laws and guidance into binding legislative instruments – and the coming into effect of the pending regulations – will soon alter this landscape forever.

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