Technology law and innovation policy: Addressing regulatory gaps and supporting emerging technologies

Abstract

The United States (U.S.) prioritizes fostering innovation through legal and policy advancements in technology. This effort has largely been supported by investments in research and development activities, the ability to crowdsource financing, and the enforcement of stringent intellectual property laws. However, emerging technologies such as blockchain and Artificial Intelligence (AI), along with issues related to data privacy, have highlighted regulatory gaps in the industry. These gaps pose a threat to the competitive edge of U.S. startups compared to their global counterparts. Furthermore, they risk eroding consumer trust and confidence. This paper proposes measures to enhance legal protections for AI startups and innovators while analyzing international technology law and its implications for U.S. companies.