Recipe for AI: Governments see the need for regulation and benchmarking

Artificial intelligence (AI) stands at the crossroads of innovation and ethics, presenting both transformative benefits and profound challenges. This dual nature of AI necessitates comprehensive regulation and responsible deployment, as we prepare to integrate it into every facet of society — from healthcare and education to security and finance. AI’s potential to enhance our lives is undoubtedly immense. It improves industry efficiency, optimises business operations, and contributes to environmental conservation by monitoring biodiversity and predicting climate change impacts. By processing vast data sets quickly, AI unlocks new knowledge and drives innovations previously beyond our reach. However, this data also poses significant risks, from breaches of confidentiality to identity theft and beyond.