AI has brought extremely beneficial innovations across industries such as self-driving cars, speech recognition software, spam filtering algorithms that increase the efficiency of systems and processes by a great degree. However, the field is largely unregulated and presses the need for a balance between the benefits and unintended adverse effects. This balance can be achieved through global governance on development of AI and the subsequent usage across the spectrum.
Following two factors contribute to global governance on AI
● lack of regulations and absence of control/oversight systems
● hindering of the checks and balances system