Global AI Market: Enterprises Need a Legal Framework

Former Vice Chancellor of Germany Philipp Rösler Calls for Global AI Regulation
Philipp Rösler, former vice chancellor of Germany and Acronis board member

The rapid integration of AI tools, systems and technologies across industries raises concerns about ethics, transparency and compliance with other regulations, including GDPR. Misuse of AI and breach of privacy should be addressed via stringent AI regulation. AI governance is getting more attention than ever before.

"You need global rules, regulation and standards to develop the global market for AI. This is also needed to have clarity on the rules and the responsibilities as a company," said Philipp RöGsler, former vice chancellor of Germany and Acronis board member. The lack of AI regulation "causes uncertainty and makes it challenging for companies to focus on the AI market," he said.

In this video interview with ISMG, Rösler discussed:

  • Why global AI regulation is needed;
  • How are cybercriminals using AI for attacks;
  • The merits of the European Union's proposed AI Act.

Rösler previously served as the federal minister of health and federal minister of economics and technology for Germany. He has also founded Consessor AG and is the honorary consul of Vietnam to the Swiss cantons of Zürich and Zug.

About the Author

Brian Pereira

Brian Pereira

Sr. Director - Editorial, ISMG

Pereira has nearly three decades of journalism experience. He is the former editor of CHIP, InformationWeek and CISO MAG. He has also written for The Times of India and The Indian Express.

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