Thought for the week: Multilateralism is dead. Long live multilateralism.

Source Domain: iapp.org

Here are six key points from the article:

Long-Shot Prediction: The author predicts the U.S. government will pursue a multilateral treaty or arrangement on data, cybersecurity, and artificial intelligence, defying current trends of multilateral breakdown.
Conditions for Multilateralism: Factors such as the need for cooperation to realize AI’s potential, removal of cross-border barriers for data and AI, and de-regulation within countries’ jurisdictions create conditions for a new multilateralism.
Existing Discussions: Notable discussions highlighted by the World Economic Forum involving key figures, including Christine Lagarde and Larry Fink, emphasize the necessity of international cooperation to harness AI’s full potential.
Emerging Multilateral Initiatives: The U.S.’s proposal for a Board of Peace, with interest from 20-35 countries, suggests a revived global interest in multilateral governance in various fields.
Need for Awareness: Global leaders in data, cybersecurity, and AI should maintain a broad perspective on legal developments and remain attentive to potential multilateral arrangements as they affect multinational businesses.
Strategic Consideration: Companies should start incorporating the possibility of such multilateral treaties into strategic discussions, even if not very probable now, to be better prepared for possible future regulations and frameworks.