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The Evolving Landscape of Artificial Intelligence Regulation in Latin America: Challenges, Opportunities, and a Path Forward

June 2024
Artificial IntelligenceElectronics

Abstract

Artificial Intelligence (AI) has rapidly emerged as one of the most transformative and disruptive technologies in human history. Its reach extends across diverse sectors, from predictive healthcare and innovative educational platforms to sophisticated financial systems, public safety mechanisms, environmental monitoring, and advanced agricultural management. At its core, AI is powered by complex algorithms and vast datasets, enabling systems to perform tasks once exclusive to human intelligence, such as recognizing intricate patterns in radiological images, generating human-like text, identifying individuals in large crowds, assessing creditworthiness, optimizing energy consumption, and even guiding autonomous vehicles.

Author

Portrait image of Patricia Frossard Piteri
Patricia Frossard Piteri
Head of Legal & Compliance l Philips LATAM, Philips LATAM, Brazil

Law, MBA (USP/Esalq), certified in compliance (SCCE) & governance (IBGC). Philips Head Legal & Compliance LatAm (since 2017), ex-Brazil Country Manager. Chair ABIMED Board, Dutcham Counselor.

Company

Philips LATAM

Royal Philips (NYSE: PHG, AEX: PHIA) is a multinational leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips' health technology portfolio generated 2017 sales of EUR 17.8 billion and employs approximately 74,000 employees with sales and services in more than 100 countries. It is a company with more than 100 years in the market

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