# Vivian Balakrishnan on the need for a new regulatory paradigm for AI

- Date: 2023-09-19
- Who: Vivian Balakrishnan (Minister for Foreign Affairs, Singapore) · CNA
- Source: https://www.youtube.com/watch?v=SJEgYYYWeDA
- sgai: https://sgai.md/videos/v031/
- License: sgai-authored content (summaries, translations, analysis) is CC BY 4.0 — attribute and link to sgai.md. Verbatim source text (Hansard, speeches, transcripts, policy documents) remains © its original rights holders and is reproduced for reference only. Terms: https://github.com/meltflake/sgai/blob/main/DATA-LICENSE.md

## Why it matters

Singapore has upgraded its 2019 model AI governance framework from a domestic soft law tool to a global governance template it is promoting at UN side events

## Summary

Minister Vivian Balakrishnan argues that traditional regulatory approaches are inadequate for AI and that new paths must be opened to develop AI governance rules.

## Key points

- Vivian Balakrishnan argues traditional regulation and legislation can't keep up with AI.
- Opportunities and risks land asymmetrically across countries and societies.
- Singapore's 2019 Model AI Governance Framework is part of its approach.

## Full text

© CNA — reproduced for reference only.

a call to break new ground in artificial intelligence as the world tries to strike a balance between embracing and regulating AI Singapore's foreign affairs minister says the benefits of AI can be transformative for sectors like Health Food security and climate change but the old ways of Regulation cooperation and legislation won't suffice as the technology also comes with great risks that impact both in terms of opportunities and risk actually have asymmetrical effects on different countries and different societies and the question is how ready are we when we face this tsunami of impacts both positive and negative and we believe that we need Regional and we need multilateral Global approaches and speaking at an aside event of the U.

N general assembly in New York Dr balakrishnan also says there is a need to put in the right safeguards to ensure transparency and privacy it points to the model AI governance framework which Singapore introduced in 2019 as part of this approach he notes that fostering trust and confidence will mean taking into account diverse viewpoints which will require engagements involving governments industry and Civil Society