iShares A.I. Innovation and Tech Act ETF(BAI.US)

South Korea launches landmark laws to regulate AI, startups warn of compliance burdens

South Korea has launched the world's first comprehensive AI regulations, requiring human oversight in high-impact areas like healthcare and nuclear safety. Startups express concerns over vague language and potential compliance burdens. The AI Basic Act aims to enhance trust and safety while positioning South Korea as a leader in AI. Companies must label AI-generated products and face fines for non-compliance. A grace period of at least a year is provided before penalties are enforced, with plans for guidance and support to ease industry burdens.