The Requirements for the Regulation of Artificial Intelligence AI is one of the most valuable innovations that the modern world can boast of, and it also has deadly potential. This is an area that Ali Oğuz Deryüz, an expert at TOBB University in Ankara, has also noted: the world needs to create strong governance and legal structure to pave the safe way of AI. There is the need to find out how far the use of AI can be taken without creating some unforeseen social impacts.
Managing AI Risks: The Global Call for Regulation
Current worldwide initiatives are already in place to regulate AI, with the European Union in front of the line to develop the frameworks that will likely address the aforementioned risks associated with AI. Similarly, India is also increasing the regulatory standards in the upcoming days for the same reason that the people has concern regarding the adverse effects of the technology. But according to Deryüz, these risks can only be alleviated with additional international cooperation and better coverage of various aspects by regulations.
The current global approach with regards to AI While countries today are beginning to proceed with regulations in the realm of AI, according to Deryüz, there needs to be an international approach. AI technologies do not recognize state boundaries, and unless these efforts are synchronized, fragmented laws too can create zones of deregulation. Since there are massive impacts that AI presents, including loss of employment, privacy breach, and unethical practice, only a global framework can address these challenges.
The regulation should be expanded beyond the traditional fields, as Deryüz mentions, cryptocurrencies and digital assets. The threats that stem from those technologies consist of schemes in financial dealings as well as the fluctuations in the world economy. He supports monopolistic state management of money, including the distributions of the cryptocurrency and the collection of taxes.
Another regulation area pointed out by Deryüz is the issue of fighting against the criminal activity in the digital age, such as money laundering and financial fraud. Uncurrenly banking for cryptocurrencies creates great risks to national economies, and setting high standards can reduce them. By thus choosing to combat financial crime, governments can protect the virtual as well as the real economy from tilting influences.
Stricter AI Regulations: A Global Shift
The New AI Law of the European Union To address disturbing features of AI and its possibility to cause harm, the EU has passed a new AI law where systems are categorized according to their risks. New categories of AI technology internationally as of 9 January 2019 are prohibited where AI presents ‘unacceptable risk’ to citizens and societies from AI systems deployment. This law really focuses on risk evaluations and requires companies themselves to ascertain that their use of artificial intelligence is secure and moral.
The current shift of India towards strict regulations on AI is a recent development for the country, which has for a long time been developing AI innovation. Indian Prime Minister Narendra Modi, before gesturing towards the AI and advocating its entrepreneurial benefits, is now calling for some moderation. While AI systems play an increasingly important role in the development of India’s digital ecosystem, the government is seeking to meet security and ethical concerns to avoid negative consequences from artificial intelligence.
Turkey: AI expert Ali Oğuz Deryüz from TOBB University of Ankara has stressed that Turkey needs to follow the EU regulation initiatives, as well as the new strategies in such nations as India. First, Turkey is a part of Europe with links to European-related AI institutions, and with recent progress in information technology, it has started adopting a rather moderate approach towards the regulation of AI. This shift is based on the belief that, although AI has the greatest potential, it has to be rightly managed.
Innovation and Risk Management Therefore, the growing worldwide tendencies towards the regulatory governing of artificial intelligence mean that there is a fine line between technological development and the management of risks associated with AI. While the EU and India tighten the screws on AI, American lawmakers strive to figure out how to regulate this rapidly advancing tech. Measures designed to be more stringent are created to eliminate instances of job loss resulting from AI implementation, increase security for all, reduce societal impacts that might be negative, and at the same time foster development in the AI industry.
The urgent need to cooperate Given that the regulation of AI is tightening across nations, countries need to work together in an attempt to develop a harmonized approach since AI is a global development. According to Deryüz, Turkey should take the EU model in addition to BRICS countries such as India into consideration. Due to the cross-worldly influence of AI, a unison approach to regulation could reduce certain harms at the same time it keeps the benefits of AI global for the benefits of all human beings.
2025 Global Summits on AI: Shaping the Future
The Global AI Summit is planned to happen in Paris in February 2025. In this summit, leaders of several countries are going to address the issues related to AI. The event will deal with the opportunities and threats of AI to assist people while trying to ensure the new technology’s proper development worldwide. This event can only further highlight the need to address and control AI technologies to positively impact global society.
Key Areas of Focus The summit will delve into five crucial areas of AI development: The topics covered are AI for public good, jobs, innovation, culture, trust in AI, and AI government. Each topic is intended to set out an approach for how, within each area, artificial intelligence can be used efficiently, also avoiding risks, including job losses, bias in AI products, and security. Such policies will be made through these discussions to protect the best interest of society in the adaptation of AI.
AI for Public Good: This will be the fourth major focus, with concrete undertakings of the practice of applying the technology for the common good being the central idea. It entails examining what AI solutions are capable of solving in terms of the United Nations Global Goals, as well as how to prevent adverse effects of artificial intelligence. Acknowledging his many achievements as a strong advocate of science at the Technological Research Center at Anadolu University, Deryüz said that the benefits should not only be used for corporate gain but should also be aimed at making people’s lives better, especially those in areas that are marginalized and those who are elderly and disabled.
As with previous WEFs, inequality and the future of jobs will be on the table for further discussion with an emphasis on the implications of new technologies, including AI. Although AI may increase efficiency and bring in more ways of inventiveness, it harbors great dangers to the employment market. This summit will want to know how nations can protect workers against displacement by AI while at the same time seeking to help AI technologies to create new jobs that the same technology can facilitate through upskilling.
The Need for International Cooperation To maximize and understand the implication of AI, there has been an emphasis on the need for international cooperation, as emphasized by Deryüz. Given the cross-country influence of AI, no country can deal with its challenges independently. It is the need of the governments, corporations, and the international community to coordinate and develop sound international governance structures to ensure that AI grows properly and properly to be in harmony with societies’ values and to the benefit of all societies.
