Chinese AI firms are bracing for 20-40% higher costs due to the EU AI Act's stringent data and transparency regulations. Despite shared principles, the EU and China diverge in enforcement and political alignment.
Some Asia-Pacific nations like South Korea are adopting laws mirroring the EU's approach. While the EU focuses on user rights, China's AI regulation leans towards state control.
Implementing generative AI within China's narrow policy boundaries remains a significant challenge. Meanwhile, China is moving away from a unified national AI legislation, opting for specific policy drafts and aiming for 50 AI standards by 2026. In the UK, King Charles confirms impending AI regulation, differing possibly from the EU's AI Act to concentrate on general-purpose AI.
Momentum for legislation in the AI sector is crucial for future developments.
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