Article AI regulation: now and future

Since the development of AI technology has surpassed the pace of existing laws and regulations, many states and governments and advocacy organizations have proposed new AI regulatory frameworks to comply with ethical and social values during AI development and application. The consulting firm KPMG released a report on "The shape of AI governance to come" in January 2021. The report proposed five trends of AI regulation, including (1) Shaping a regulatory future around R&D, (2) Create steering groups to discuss and ideate on governanceconstructs, public policy and ethics, (3) Create a forum for discussion and collaboration, (4) Build the AI ecosystem including skills development, technology capabilities, partnerships, and cross-functional collaboration, and (5) Countries and governments are not only establishing AI frameworks, but also creating policies, laws and acts.