AI regulation is progressing across the world as policymakers try to protect against the risks it poses without curtailing AI's potential. In July, Chinese regulators introduced rules to oversee generative AI services. Their focus stems from a concern over the potential for generative AI to create content that conflicts with Beijings viewpoints.

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Opinions expressed by Entrepreneur contributors are their own. As a multi-decade entrepreneur across various sectors including marketing, finance and technology I've spent most of my career bootstrapping companies without the assistance of artificial intelligence technologies

SAN DIEGO The future of fighting wildfiresis here. Artificial intelligence is helping firefighters detect smoke and the technology is being used in California. Responding to a fire quickly can mean the difference between a small brush fire or a catastrophic wildfire

AI has crossed over from being a tech buzzword into a household name, but consumers and investors should be circumspect when thinking about the AI hype, said Duke University professor Sultan Meghji, who previously served as the FDIC's chief innovation officer (video above). "So much of AI right now is just driven by marketing teams and not actually by technologies, so I think it's not surprising at all that we're talking about the hype cycle," he told Yahoo Finance Live. "So much has been announced, there are so many glittering logos and great press releases, arguments on social media, things like that but we haven't actually seen a lot of work being done." It's not that Meghji doesn't believe AI will be transformative he does, he just thinks the biggest changes AI brings about are going to be less headline worthy.