The rapid development of artificial intelligence (AI) has prompted global debates about the need for regulation, with governments, industry leaders, and experts advocating for measures to mitigate potential risks such as economic disruption, security threats, misinformation, ethical concerns, and loss of control. High-profile figures, including Sam Altman, Bill Gates, and Geoffrey Hinton, have emphasized the urgency of establishing AI regulations to prevent misuse by malicious actors and ensure safe, equitable, and transparent AI systems. The European Union, the UK, and the US are proposing various regulatory frameworks, such as the EU's risk-based AI Act and the US's AI Bill of Rights, intending to safeguard public rights and prevent algorithmic discrimination. While the UK takes a pro-innovation stance without creating new laws, other regions, including China and Japan, are also prioritizing human-centric and safety-first approaches. Although comprehensive global AI regulation is not yet established, swift legislative actions are anticipated, highlighting the importance for businesses, particularly in regulated sectors, to prepare for impending changes.