S&P Global publishes article on effect of patchwork AI laws on technology, innovation with KCTC’s Lowe explaining challenges for small businesses
In a recent S&P Global Market Intelligence article, Kansas City Tech Council (KCTC) CEO Kara Lowe offered perspective on challenges for small businesses in adopting AI technology due to compliance concerns resulting from a patchwork of federal and state regulatory laws. The reporting looks at how some guidance from the Trump Administration eases the burden, but nothing fully addresses the issue for companies with limited resources to fully understand all applicable obligations.
“What I’m hearing from CEOs at Midwestern tech companies is that it’s really challenging to understand how to innovate when there is kind of a lack of clarity around what will happen. It’s just a noisy space,” Lowe said in the article headlined, “Little tech braces for impact of state AI law patchwork.”
The full article can be read here.
According to S&P Global’s reporting, about 1,370 bills related to AI were introduced at the state level — covering all 50 states, Puerto Rico, the U.S. Virgin Islands and Washington, D.C. — year to date through early July. This creates risk for small tech companies looking to take advantage of benefits to research, innovation and development.
Lowe serves as president & CEO of KCTC, a member-driven organization that serves as the shared voice of Kansas City’s tech industry. With nearly 200 member companies spanning from startup to enterprise, KCTC unites industry leaders to advance public policy, increase the talent pipeline, bring visibility to the industry and share data and insights to achieve its mission of creating the Midwest’s most competitive tech hub.
KCTC continues to work with members and allies to address AI in a manner beneficial to the tech community.
