Foley & Lardner LLP partner Shabbi Khan is quoted in international press on the rise of artificial intelligence following a meeting with journalists as part of an foreign reporting tour organized by the U.S. Department of State’s Foreign Press Center.
Khan told the Business Recorder in the article, “Underscoring need for regulations, US-based expert says AI has potential to be catastrophic,” that “AI cannot be ignored and has great upsides, however, it comes with a fair share of challenges that demand cautiousness.”
“The role of regulations in technology is to ensure the responsible and safe development, deployment, and use of technological innovations,” he continued. “But you always run the risk of trying to under regulate versus overregulate, and it has its own sort of impacts.”
Khan noted in The Gleaner article, “IP expert wary of nationalistic approaches blocking policy harmonisation on AI,” that AI regulation should strike a balance between driving innovation and hindering growth.
“If you have lax regulations, you are taking on a lot more risks to society at large,” Khan explained. “On the other side, when you think about strict regulation, it can actually hinder growth because it will make it slower to innovate because you have to go through regulatory processes, but ultimately with the end goal of making it safer.”