AI regulation refers to the establishment of laws and guidelines to govern the development and deployment of AI systems. It aims to ensure that AI is used in a safe, ethical, and responsible manner, addressing concerns about potential biases, algorithmic transparency, and data privacy.
AI regulation is crucial as it can help mitigate risks associated with AI, such as job displacement, algorithmic discrimination, and the potential misuse of AI for malicious purposes. It can also foster trust in AI systems, encouraging their adoption and responsible use across various sectors.