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A top investor in global brands from Airbnb to Snap says we need swift 'guardrails' to get countries on the same page about AI

Business InsiderBusiness Insider · 9m
A top investor in global brands from Airbnb to Snap says we need swift 'guardrails' to get countries on the same page about AI

Investors are urging for the international community to establish "guardrails" and collaboration in the development of artificial intelligence (AI). Hemant Taneja, CEO of venture capitalist firm General Catalyst, believes that a collaborative model is necessary to ensure all countries are on board with AI development. Taneja is working with other VC firms, AI companies, and the US Commerce Department to create guidelines for responsible AI tech. Governments worldwide are struggling to regulate AI as its potential economic impact is expected to reach $15.7 trillion by 2030. Different countries are currently developing their own strategies for AI development and regulation.

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