The Role of Statutory Law in Regulating Artificial Intelligence: Balancing Innovation and Responsibility

Summary: 1. Introduction. – 2. Methodology and Research Approach. – 3. Historical Context and Legislative Evolution. – 4. Role of Statutory Law in Regulating Artificial Intelligence. – 4.1. Statutory Laws and Its Limitations. – 4.2. The Difficulties of Juggling Innovation and Responsibility. – 4.2.1. Privacy & Social Implications. – 4.2.2. Bias and Discrimination Concerns. – 4.2.3 Economic Repercussions. – 5. Limitations of Legal Policies in Regulating Developments of AI. – 6. International Legal Difficulties Arising from The Use of AI. – 7. Conclusions and Suggestions.