The urgency to regulate powerful AI has increased in recent times, as governments scramble to address the risks it might create. The European Union, for instance, passed landmark AI regulations last month, amid concerns that the powerful tech grabbing everyone's attention needs to be reined in. But strides made in one region may hardly be enough to tackle AI's challenges.
Instead, global leaders should work together if they hope to arrive at the "right solution," Pablo Hernández de Cos, the chair of watchdog Basel Committee on Banking Supervision and Bank of Spain governor, told the Financial Times in comments published Monday. If they don't, AI could "change the course of history not necessarily for the good," he warned.
