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Abstract

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Regulations and standards in the field of artificial intelligence (AI) are necessary to minimise risks and maximise benefits, yet some argue that they stifle innovation. This paper critically examines the idea that regulation stifles innovation in the field of AI. Current trends in AI regulation, particularly the proposed European AI Act and the standards supporting its implementation, are discussed. Arguments in support of the idea that regulation stifles innovation are analysed and criticised, and an alternative point of view is offered, showing how regulation and standards can foster innovation in the field of AI.

Details

1009240
Subject
Artificial intelligence;
Standards;
Regulations;
Innovations
Identifier / keyword
Artificial Intelligence; General Economics; Economics
URL
http://arxiv.org/abs/2302.04110
Title
Assessing the impact of regulations and standards on innovation in the field of AI
Author
Tartaro, Alessio; Adam Leon Smith; Shaw, Patricia
Publication title
arXiv.org; Ithaca
Publication year
2023
Publication date
Feb 8, 2023
Section
Computer Science; Economics; Quantitative Finance
Publisher
Cornell University Library, arXiv.org
Source
arXiv.org
Place of publication
Ithaca
Country of publication
United States
University/institution
Cornell University Library arXiv.org
Publication subject
Biology, Statistics, Physics, Mathematics, Engineering--Electrical Engineering, Computers--Computer Engineering, Business And Economics--Banking And Finance
e-ISSN
2331-8422
Source type
Working Paper
Language of publication
English
Document type
Working Paper
Publication history
 
 
Online publication date
2023-02-09
Milestone dates
2023-02-08 (Submission v1)
Publication history
 
 
   First posting date
09 Feb 2023
ProQuest document ID
2774721328
Document URL
https://www.proquest.com/working-papers/assessing-impact-regulations-standards-on/docview/2774721328/se-2?accountid=162838
Full text outside of ProQuest
http://arxiv.org/abs/2302.04110
Copyright
© 2023. This work is published under http://creativecommons.org/licenses/by-nc-nd/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.
Last updated
2023-02-10
Database
Publicly Available Content Database