Since 2017, when Canada became the first country to adopt a national AI
strategy, at least 60 countries have adopted some form of policy for artificial
intelligence (AI). The prospect of an estimated boost of 16 percent, or US$13
trillion, to global output by 2030 has led to an unprecedented race to promote
AI uptake across the industry, consumer markets, and government services. Global
corporate investment in AI has reportedly reached US$60 billion in 2020 and is
projected to more than double by 2025.
At the same time, the work on developing global standards for AI has led to
significant developments in various international bodies. These encompass
both technical aspects of AI (in standards development organizations
(SDOs) such as the International Organization for Standardization (ISO),
the International Electrotechnical Commission (IEC), and the Institute of
Electrical and Electronics Engineers (IEEE) among others) and the ethical
and policy dimensions of responsible AI. In addition, in 2018 the G-7 agreed
to establish the Global Partnership on AI, a multistakeholder initiative
working on projects to explore regulatory issues and opportunities for AI
development. The Organization for Economic Cooperation and Development
(OECD) launched the AI Policy Observatory to support and inform AI policy
development. Several other international organizations have become active in
developing proposed frameworks for responsible AI development.

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