Comparative Analysis Regulatory of AI and Algorithm in UK, EU and USA

Regulation may mean anything from setting limits on what can be created to determining which tasks must remain in the hands of humans. Lessig proposes the Techno regulatory approach, which protects the AI through making policies that affect the code with which the AI is programmed. Governments and businesses use algorithms to make decisions that substantially impact our lives. There is currently no regulation to regulate the use of artificial intelligence. On the other hand, AI systems are governed by current laws - data protection, consumer protection, and market competition rules. This study research the Algorithmic decision-making uses algorithms to execute or inform judgments that might range from simple to complex. Tim O'Reilly urges the government to look into algorithm regulation, but he never defines the term. What structure should we use when dealing with circumstances where governmental and non-governmental authorities remain intimately connected? The UK government has released its National AI Strategy, which outlines its plan to transform the UK into a global Artificial Intelligence powerhouse over the next ten years. There are no particular regulations on the regulation of AI and the algorithms; however, soft law, ethical conduct, and platform regulations exist. The EU proposal is for AI regulation that is cross-sectoral and risk-based. Critical hazards associated with AI use and liability-related issues apply standards that protect fundamental rights. The act guarantees that AI is legal, ethical, and technically sound while also upholding democratic principles, human rights, and the Rule of Law. The European Artificial Intelligence Board (EAIB) would be established as a new enforcement authority at the Union level. National supervisors will flank EAIB at the Member State level. Fines of up to '6% of global turnover, or 30 million euros for individual corporations' can be imposed