US and EU aim for AI deal by end of 2024

The United States and the European Union hope to reach an agreement on artificial intelligence regulations by the end of 2024.<br><br>The two sides have agreed to focus on “concrete deliverables” in the digital realm, including AI.<br><br>There is little detail on what such an agreement would entail, but the aim is likely to create a common transatlantic approach to regulating AI.<br><br>Source (BBC News)<br><br>EDIT - What the US and EU want from an AI deal<br><br>* The US and EU hope for a common approach to regulating AI, working against the idea of “splinternet”;<br>EU wants Washington to adopt AI regulations similar to its own AI Act, which is expected to come into force next year;<br>US wants the EU to adopt a more “US-like” approach to AI regulation;<br>The two sides have agreed to work on a “risk-based approach” to AI regulation, but differ on how to achieve this.