AI is gaining widespread adoption across all sectors, projecting a 19.6% annual growth in the global revenue of the AI market, expected to reach $500 billion in 2023. However, the surge in use-cases has led to a notable uptick in normalization of AI in everyday life. This trend has fuelled heightened regulatory action, prompting enterprises to actively engage in future-proofing initiatives and fortifying themselves against the potential downsides associated with unchecked AI adoption.
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