The surge in generative artificial intelligence (AI) development has prompted governments worldwide to accelerate efforts in regulating the emerging technology. The European Union’s AI Act, recognized as an innovative set of regulations, has seen negotiators agreeing on controls for generative AI tools like OpenAI’s ChatGPT and Google’s Bard. Concerns about potential misuse have led the United States, the United Kingdom, China, and other G7 countries to hasten their work on AI regulation. Australia conducted an eight-week consultation seeking feedback on whether “high-risk” AI tools should be banned. China introduced regulations in August to oversee the generative AI industry.