Implementing Artificial Intelligence Tools in Business within Legal Guidelines
Colorado Passes New Legislation to Regulate AI Use
On May 29, 2024, Colorado made a significant move by passing SB205, a new law aimed at protecting consumer interactions with artificial intelligence (AI) systems. This groundbreaking legislation is the first of its kind to cover both developers and users of “high-risk AI systems.”
The law represents a major step in addressing the growing concerns surrounding the use of AI technology and its impact on consumers. By implementing regulations that govern the development and use of AI systems, Colorado aims to protect its citizens from potential harms and abuses that may arise from the use of AI.
Under SB205, developers and users of high-risk AI systems are required to adhere to strict guidelines and standards to ensure the responsible and ethical use of AI technology. This includes transparency requirements, data protection measures, and accountability mechanisms to safeguard consumer interactions with AI systems.
The passage of SB205 demonstrates Colorado’s commitment to ensuring that AI technology is used in a safe and ethical manner. By enacting this new legislation, Colorado is setting a precedent for other states to follow in regulating the use of AI and protecting consumers from potential risks.
