Over the last few weeks, regulators and lawmakers around the world have made one thing clear: New laws will soon shape how companies use artificial intelligence (AI). In late March, the five largest federal financial regulators in the United States released a request for information on how banks use AI, signaling that new guidance is coming for the finance sector. Just a few weeks after that, the U.S. Federal Trade Commission (FTC) released an uncharacteristically bold set of guidelines on “truth, fairness, and equity” in AI — defining unfairness, and therefore the illegal use of AI, broadly as any act that “causes more harm than good.”