Over 2,000 AI Regulation Proposals Lacking Long-term Framework

There are over 1,500 bills and proposals related to AI regulation currently under consideration by state governments, Congress, and the executive branch. Collectively, this amounts to nearly 2,000 proposals, which some market participants view as necessary, yet none aim to establish a comprehensive regulatory framework for the future. Historical precedent shows that regulatory bodies have often formed post-crisis, as seen with the SEC after the 1929 crash. The need for a proactive national regulatory framework for AI could impact future innovations and market dynamics.