Although the first AI algorithm was approved by the FDA back in 1995, the technology has really only rapidly expanded in the last couple of years. One of the most recent catalysts within this space has been ChatGPT. The innovation in this area, especially in the medical device and technology space are moving at incredible speed; often faster than regulation. Legislation for these technologies are highly complex for regulators to interpret and translate into regulation that will ensure safety and efficacy without hampering innovation.
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