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arXiv · 2112.09325

Dilemma of the Artificial Intelligence Regulatory Landscape

Weiyue Wu·Shaoshan Liu
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Abstract

As a startup company in the autonomous driving space, we have undergone four years of painful experiences dealing with a broad spectrum of regulatory requirements. Compared to the software industry norm, which spends 13% of their overall budget on compliances, we were forced to spend 42% of our budget on compliances. Our situation is not alone and, in a way, reflects the dilemma of the artificial intelligence (AI) regulatory landscape. The root cause is the lack of AI expertise in the legislative and executive branches, leading to a lack of standardization for the industry to follow. In this article, we share our first-hand experiences and advocate for the establishment of an FDA-like agency to regulate AI properly.

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Weiyue Wu, Shaoshan Liu. 2021-12-17. Dilemma of the Artificial Intelligence Regulatory Landscape. https://arxiv.org/abs/2112.09325

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