The European Union has passed the Artificial Intelligence Act to regulate AI systems based on their risk level, with a new AI Office to monitor and penalize non-compliance.

The UK is advancing its own AI Regulation Bill to create a new AI authority and regulatory principles, requiring businesses to adhere to both EU and UK AI regulations.

In the US, President Biden's executive order on AI emphasizes safety and data privacy, while states are introducing varied AI-related legislation, raising concerns over a regulatory patchwork.

US business leaders show strong support for AI regulation despite challenges in compliance, indicating a shift towards accepting regulatory oversight.

There is a call for national AI standards in the US to prevent inconsistencies, with businesses advised to tailor compliance to risk levels and maintain transparency.