Asia Tech x Singapore (ATxSG) 2023: AI Risk Policy & Regulation ─ What to Look Out for in 2023

Coinlive is reporting at Asia Tech x Singapore (ATxSG) 2023 held at Singapore Expo! The panel consisting of Neha Dadbhawala, Director of Martech from Mcafee who is in charge of moderating; Irakli Beridze, Head of Centre for AI Robotics from United Nations Interregional Crime and Justice Research Institute; Jason Grant Allen, Director from SMU Centre for AI & Data Governance; and Simon Chesterman, Vice Provost, Senior Director (AI Governance) from National University of Singapore (NUS); touches on the topic “AI Risk Policy & Regulation ─ What to Look Out for in 2023”. The global movement towards increased regulation of AI implementation is gaining significant momentum across diverse industries and jurisdictions. Notably, Singapore has taken a pioneering step in this direction with the development of A.I.Verify, an AI governance testing framework and toolkit, by IMDA and PDPC. Meanwhile, in the United States, the National Institute of Standards and Technology (NIST) has unveiled its highly anticipated Artificial Intelligence Risk Management Framework. Furthermore, the European Union is diligently working on finalising its inaugural legal framework on AI, aiming to adopt a risk-based approach and regulate the prohibition of certain AI systems. As these developments unfold, it becomes crucial to examine the landscape of AI regulation, both through existing laws and recent enactments. Additionally, what key trends should we be attentive to in 2023, and how will they shape the future of AI governance? For organisations embarking on AI deployment, it is vital to consider the steps they can take from the earliest stages to ensure compliance with regulatory requirements.