Dilemma of the Artificial Intelligence Regulatory Landscape
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As a startup company in the autonomous driving space, we have undergone four years of painful experiences dealing with a broad spectrum of regulatory requirements. Compared to the software industry norm, which spends 13 overall budget on compliances, we were forced to spend 42 compliances. Our situation is not alone and, in a way, reflects the dilemma of the artificial intelligence (AI) regulatory landscape. The root cause is the lack of AI expertise in the legislative and executive branches, leading to a lack of standardization for the industry to follow. In this article, we share our first-hand experiences and advocate for the establishment of an FDA-like agency to regulate AI properly.
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