revved up their AI efforts and started pouring billions of dollars into the sector, hoping to orchestrate bigger advances in the technology’s capabilities and adoption.
Semeniuk sees both sides. The startups he works with view AI as having “tremendous excitement and tremendous trepidation.” “We have no idea what we're regulating and how to regulate it without understanding the use cases that come out of it.” As for legislation, the federal government tabled a bill in June taking a general approach to AI regulation, but left many of the details for a later date. It is expected to be implemented no earlier than 2025.
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