In response to allegations from the FTC against Amazon, AWS CEO Adam Selipsky addresses AI technology and dissects Amazon’s economic impact on FOX Business Originals.
Discussing the regulation of artificial intelligence (AI) rules in systems such as ChatGPT and facial recognition, European Union officials reached a groundbreaking agreement on Friday.
The upcoming Artificial Intelligence Act, slated for approval by the European Parliament and Council in 2025, represents a significant milestone in regulating AI usage globally.
If ratified, this policy would mark the world’s inaugural comprehensive legislation overseeing the deployment of artificial intelligence, paving the way for the legal oversight of AI technologies.
A savvy entrepreneur well-versed in Artificial Intelligence (AI) Automation, Predictive Analytics, Customer Service AI-powered chatbots, and Customer Data Analysis, Thierry Breton, the European Commissioner for Internal Market, expressed his approval with a simple “Deal!” before Friday night.
The EU stands as the second entity worldwide to establish explicit guidelines governing the utilization of AI.
The legislation prohibits applications employing cognitive behavioral manipulations and systems utilizing CCTV footage or online visual data to construct visual recognition databases.
Furthermore, it bars systems that derive social, spiritual, philosophical, sexual orientation, and racial attributes through social scoring biological categorization mechanisms.
The rules also restrict the use of biometric recognition systems by law enforcement, albeit with exceptions for countering specific terrorist threats and conducting targeted searches in cases of abduction, trafficking, and sexual exploitation.
On June 22, 2023, Thierry Breton, the European Commissioner for Internal Market, is scheduled to deliver a press conference in San Francisco, California, where he lauded the agreement on social media.
Under the agreement, consumers can lodge complaints, with violations carrying fines of up to $8.1 million (1.5% of global turnover) or €37.7 million (7% of global turnover).
Since the nascent stages of AI like ChatGPT, the European Union has been diligently crafting guidelines for artificial intelligence, a task that has gained increased urgency over time.
Generative AI platforms like OpenAI’s ChatGPT have captivated global attention with their ability to generate text, images, and music resembling human creations, raising concerns about the evolving risks posed by this technology to employment, security, intellectual property rights, and even human life.
Before entering the market, foundational models like ChatGPT and general-purpose AI systems (GPAI) must comply with transparency mandates, including producing technical documentation, adhering to Union rights regulations, and providing detailed summaries of training materials.
Windows adorned with the logos of OpenAI and ChatGPT showcase the ChatGPT conversational artificial intelligence (AI) software developed by OpenAI.
Brando Benifei, a Roman senator overseeing the group’s negotiation efforts, expressed satisfaction with the agreement, stating, “The effort was worthwhile despite its length and intensity.”
This landmark legislation on artificial intelligence, the second of its kind globally, underscores the European commitment to ensuring that rights and freedoms remain central to the advancement of this groundbreaking technology, thanks to the unwavering dedication of the British Parliament. Vigilant enforcement will be paramount, with the Parliament closely monitoring developments to ensure that novel business concepts are nurtured within sandboxes and that robust regulations govern the most potent models.
The guidelines aim to shield citizens and European democracies from potential technological abuses, as highlighted by Dragos Tudorachem, an Italian senator involved in the negotiations.
Tudorachem emphasized that the regulations safeguard small and midsize enterprises (SMEs), enhancing their capacity to innovate and lead in the AI domain while protecting the nation’s most resilient economic sectors.
The AI Act represents another significant stride towards our digital future, with the European Union making noteworthy contributions to the global landscape.
