Research Article

A Comparative Analysis of the EU AI Act and the Colorado AI Act: Regulatory Approaches to Artificial Intelligence Governance

by  Mayur Jariwala
journal cover
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 186 - Issue 38
Published: September 2024
Authors: Mayur Jariwala
10.5120/ijca2024923954
PDF

Mayur Jariwala . A Comparative Analysis of the EU AI Act and the Colorado AI Act: Regulatory Approaches to Artificial Intelligence Governance. International Journal of Computer Applications. 186, 38 (September 2024), 23-29. DOI=10.5120/ijca2024923954

                        @article{ 10.5120/ijca2024923954,
                        author  = { Mayur Jariwala },
                        title   = { A Comparative Analysis of the EU AI Act and the Colorado AI Act: Regulatory Approaches to Artificial Intelligence Governance },
                        journal = { International Journal of Computer Applications },
                        year    = { 2024 },
                        volume  = { 186 },
                        number  = { 38 },
                        pages   = { 23-29 },
                        doi     = { 10.5120/ijca2024923954 },
                        publisher = { Foundation of Computer Science (FCS), NY, USA }
                        }
                        %0 Journal Article
                        %D 2024
                        %A Mayur Jariwala
                        %T A Comparative Analysis of the EU AI Act and the Colorado AI Act: Regulatory Approaches to Artificial Intelligence Governance%T 
                        %J International Journal of Computer Applications
                        %V 186
                        %N 38
                        %P 23-29
                        %R 10.5120/ijca2024923954
                        %I Foundation of Computer Science (FCS), NY, USA
Abstract

This comparative study examines the EU AI Act and the Colorado AI Act, focusing on their regulatory approaches to artificial intelligence. The EU AI Act provides a comprehensive framework with a risk-based classification, emphasizing transparency, accountability, and the protection of fundamental rights across diverse sectors. It aims to set a global benchmark for AI governance, influencing international standards. The Colorado AI Act targets high-risk AI systems, prioritizing consumer protection, fairness, and the prevention of algorithmic discrimination. It mandates detailed documentation, risk management, and transparency measures to ensure ethical AI deployment. This analysis explores the impacts of each act on innovation, industry practices, and consumer protection, as well as their potential global influence. The findings highlight the strengths and challenges of both regulatory approaches, offering insights into future directions for AI governance and the potential for harmonizing international AI regulations.

References
  • Wagner, M., Borg, M., & Runeson, P. (2024). Navigating the upcoming European Union AI Act. IEEE Software, 41(1), 19-24. https://doi.org/10.1109/MS.2023.3322913
  • Herzog Fox & Neeman. (2024). The Colorado AI Act: America’s first comprehensive AI law. Retrieved from https://herzoglaw.co.il/en/news-and-insights/the-colorado-ai-act-americas-first-comprehensive-ai-law/
  • European Commission. (2021). Proposal for a regulation laying down harmonised rules on artificial intelligence. https://digital-strategy.ec.europa.eu/en/library/proposal-regulation-laying-down-harmonised-rules-artificial-intelligence
  • State of Colorado. (2024). Senate Bill 24-205: Consumer protections in interactions with artificial intelligence systems. Colorado Revised Statutes, Title 6, Article 1, Part 17.
  • Kalodanis, K., Rizomiliotis, P., & Anagnostopoulos, D. (2024). European Artificial Intelligence Act: An AI security approach. Information and Computer Security, 32(3), 265-281. https://doi.org/10.1108/ICS-10-2022-0165
  • Mazzini, G., & Bagni, F. (2023). Considerations on the regulation of AI systems in the financial sector by the AI Act. Frontiers in Artificial Intelligence, 6, 1277544. https://doi.org/10.3389/frai.2023.1277544
  • Wagner, M., Borg, M., & Runeson, P. (2024). Navigating the upcoming European Union AI Act. IEEE Software, 41(1), 19-24. https://doi.org/10.1109/MS.2023.3322913
  • Gasser, U. (2023). An EU landmark for AI governance. Science, 380(6653), 1203. https://doi.org/10.1126/science.adj1627
  • Hacker, P. (2023). AI regulation in Europe: From the AI Act to future regulatory challenges. ArXiv. https://doi.org/10.48550/arXiv.2310.04072
  • Palmieri, S., & Goffin, T. (2023). A blanket that leaves the feet cold: Exploring the AI Act safety framework for medical AI. European Journal of Health Law, 30(4), 406-427. https://doi.org/10.1163/15718093-bja10104
  • Ebers, M. (2021). Standardizing AI: The case of the European Commission's proposal for an Artificial Intelligence Act. The Cambridge Handbook of Artificial Intelligence: Global Perspectives on Law and Ethics. https://ssrn.com/abstract=3900378
  • EU Artificial Intelligence Act. (2024, July 7). The AI Act Explorer. https://artificialintelligenceact.eu/ai-act-explorer/
  • Helberger, N., & Diakopoulos, N. (2022). The European AI Act and how it matters for research into AI in media and journalism. Digital Journalism, 11(9), 1751–1760. https://doi.org/10.1080/21670811.2022.2082505
  • Sovrano, F., Sapienza, S., Palmirani, M., & Vitali, F. (2022). Metrics, explainability and the European AI Act proposal. J, 5(1), 126-138. https://doi.org/10.3390/j5010010
  • Veale, M., & Zuiderveen Borgesius, F. J. (2021). Demystifying the draft EU Artificial Intelligence Act—Analysing the good, the bad, and the unclear elements of the proposed approach. Computer Law Review International, 22(4), 97-112. https://doi.org/10.9785/cri-2021-220402
  • Hauer, M. P., Krafft, T. D., Sesing-Wagenpfeil, A., & Zweig, K. (2023). Quantitative study about the estimated impact of the AI Act. ArXiv. https://doi.org/10.48550/arXiv.2304.06503
  • Pusztahelyi, R. (2021). Towards a European AI liability system. Multidiszciplináris Tudományok, 11(1), 44-53. https://doi.org/10.35925/j.multi.2021.5.35.
  • European Parliament. (2023, June 1). EU AI Act: First regulation on artificial intelligence. European Parliament. https://www.europarl.europa.eu/topics/en/article/20230601STO93804/eu-ai-act-first-regulation-on-artificial-intelligence
Index Terms
Computer Science
Information Sciences
No index terms available.
Keywords

AI regulation EU AI Act Colorado AI Act algorithmic discrimination consumer protection

Powered by PhDFocusTM