UK, Europe, China, and US regulators and lawmakers focus on AI

A report in the Financial Times (£) discusses the need for governments to move quickly to regulate artificial intelligence (AI) technology appropriately and proportionately. The article claims the success of governments in this regard will be one of the "greatest governance challenges of our age." The article follows several developments from regulators and governments in the UK, EU, China and the US as they draw up rules to regulate AI technology.

• Last week, the UK Competition and Markets Authority (CMA) launched a competition and consumer protection review into foundation AI models, such as OpenAI's ChatGPT. The CMA has called for views and evidence from the public to be submitted by 2 June 2023. 
• Axios reports China is leading the US in regulating generative AI, as Chinese officials are close to finalising a second round of regulation. The report claims, "If China can be first on AI governance, it can project those standards and regulations globally, shaping lucrative and pliable markets."
• In the US, Politico reports lawmakers are considering AI regulation, but they are still determining how best to do so. "It's got everybody's attention, and we're all trying to focus," said House Science Committee Chair Frank Lucas, R-Okla. 
• In Europe, MEPs have made final minor adjustments to the proposed EU Artificial Intelligence Act ahead of a parliamentary committee vote on 11 May. 

Elsewhere, a report in The Verge on the obstacles facing companies building generative AI chatbots as global regulators investigate their data collection processes.