broader governing legislation establishing fundamental boundaries and a particular set of constraints that translate to technical enforceable limits.

The call for regulations by OpenAi’s Sam Altman[2] clarifies that the tech industry recognizes the existing vacuum that creates legal uncertainty. At the same time, the tech industry already adamantly opposes[3] the first draft of the European AI Act[4], citing overly restrictive measures as an obstacle to innovation. Eventually, all G7 nations will pioneer and pass legislation to govern artificial intelligence to safeguard widespread AI adoption; as Andrew NG stated in 2017, Ai will become the new electricity[5].

Historically, all utility industries, while initially unregulated, eventually became fully regulated predominantly over safety and affordability concerns. Therefore, it is conceivable that artificial intelligence, in the future, might become a fully regulated industry for similar reasons. However, Government legislation is just one aspect needed to safeguard humanity from adverse higher-order effects from unconstraint artificial intelligence.

Another aspect is the separation of service provisioning and legislation enforcement. In the financial industry, service providers such as banks enforce regulations with much leeway for arbitrary actions. Recent reports of Nigal Farrage[6] account closure in the UK not only exposes how arbitrary regulatory rules are bent but also show that misconduct by Banks is widespread and underreported.

The media have stoked much fear about artificial intelligence getting out of hand, causing unintended harm. The author argues that can only happen without legally and technically enforceable rules.

[1] The Age of Human Augmentation

[2] OpenAI’s Sam Altman Urges A.I. Regulation in Senate Hearing, New York Times, May 16, 2023

[3] EU companies claim the EU’s AI Act could ‘jeopardise technological sovereignty’, The Verge, June 30, 2023

[4] AI Act: a step closer to the first rules on Artificial Intelligence, EU Parliament, May 11, 2023

[5] Andrew Ng: Why AI Is the New Electricity, Stanford Business, March 11, 2017

[6] Nigel Farage: Banks warned against closing accounts, BBC, July 4, 2023