In 2024, shortcomings in AI governance will become increasingly apparent as regulatory attempts struggle, technology companies continue to operate with minimal regulations, and significantly more potent AI models and tools proliferate outside governmental oversight.
AI is comparable to a “looming iceberg,” where its potential benefits are more easily anticipated than potential risks. The impact of AI on markets and geopolitics this year may be uncertain, but its substantial influence in the future is inevitable. The longer AI goes without effective governance, the greater the chance of a systemic crisis and the more difficult it will become for governments to adapt and catch up with necessary regulations.
