Regulating AI seems like an impossible task, but ethically and economically, it’s a vital one

By Jun Du, Professor of Economics, Centre Director of Centre for Business Prosperity (CBP), Aston University
Cher Li, Professor of Economics, Aston University
Xingyi Liu, Lecturer of Economics, Aston University

AI has already transformed industries and the way the world works. And its development has been so rapid that it can be hard to keep up. This means that those responsible for dealing with AI’s impact on issues such as safety, privacy and ethics must be equally speedy.

But regulating such a fast-moving and complex sector is extremely difficult.

At a summit in France in February 2025, world leaders struggled to agree on how to govern AI in a way that would be “safe, secure and trustworthy”. But…

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