The impacts of Artificial Intelligence (AI) on business and its regulatory challenges

Abstract

Artificial intelligence (AI) is a type of intelligence system in which machines learn and analyze data in order to make decisions similar to humans. This article discusses the rapidly growing impact of Artificial Intelligence (AI) on the business world, and the regulatory challenges that have arisen as a result. The rise of AI has brought about both opportunities and risks, with the potential to revolutionize various industries and improve processes and decision-making. However, the use of AI also raises concerns regarding ethics, privacy, and accountability, and highlights the need for clear and effective regulation. The article explores the current state of AI regulation and the challenges that governments and businesses face in balancing the benefits and risks of this technology. It also provides insights into how AI regulation may evolve in the future and the steps that organizations can take to stay ahead of the regulatory curve. This paper provides a comprehensive sketch of the legal and regulatory issues, challenges, and effects that are connected to AI and AI-related functions.