The bill will classify the risk of AI tools and force developers of generative-AI applications to disclose the use of any copyrighted materials. 1096 Total views 10 Total shares Listen to article 0:00 News Own this piece of history
Collect this article as an NFT Join us on social networksControversies around artificial intelligence (AI) and its use of copyrighted material have arisen in various scenariosafter a major uptick in the use of the technology in content creation.
Legislators in the European Union have responded to the growing usage of AI in a vote on April 27, which pushed forward a draft of a new bill designed to keep the technology and companies developing it in check.
Details of the bill will be finalized in the next round of deliberations among legislatures and member states. Though, as it currently stands, AI tools will soon be classified according to their risk level. The risk levels range from minimal and limited to unacceptable.
According to the bill, the high-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures. In particular, generative AI tools, including ChatGPT and Midjourney, will be obliged to disclose any use of copyrighted materials in AI training.
Svenja Hahn, a member of the European Parliament, commented in response to the bills current status as a middle ground between too much surveillance and over-regulation that protects citizens, and foster innovation and boost the economy.
The bill, which is part of the EUs Artificial Intelligence Act, was proposed as draft rules nearly two years ago.
Related: Elon Musk threatens Microsoft with lawsuit, claims AI trained on Twitter data
In the same week, the European think tank Eurofi, composed of enterprises in the public and private sectors, released the latest edition of its magazine that included an entire section on AI and machine learning applications in finance in the EU.
The section included five mini-essays on AI innovation and regulation within the EU, particularly for use in the financial industry, all of which touched on the upcoming Artificial Intelligence Act.
One author, Georgina Bulkeley, the director for EMEA financial services solutions at Google Cloud, said in reference to the legislation: AI is too important not to regulate. And, its too important not to regulate well.
These developments come shortly after the EUs data watchdog voiced concern about the potential troubles AI companies in the United States will run into if they are not in line with its General Data Protection Regulations.
Magazine:Crypto regulation: Does SEC Chair Gary Gensler have the final say? #Business #Europe #AI #Copyrights #European Union #Regulation #ChatGPT
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Dolly Parton’s sister has said that the country singer is “going to be just fine” after worrying fans by asking for prayers.
Freida Parton had asked people for prayers for the Jolene and I Will Always Love You singer on Tuesday.
“Last night, I was up all night praying for my sister, Dolly. Many of you know she hasn’t been feeling her best lately,” Ms Parton wrote in a Facebook post.
“I truly believe in the power of prayer, and I have been [led] to ask all of the world that loves her to be prayer warriors and pray with me.
“She’s strong, she’s loved, and with all the prayers being lifted for her, I know in my heart she’s going to be just fine. Godspeed, my sissy Dolly. We all love you!”
Image: Parton performs during her concert in Ijsselhallen in Zwolle, Netherlands, in 2007. Pic: AP
After shocked fans took to social media expressing worry about Parton’s health, her sister said in a second post on Wednesday: “I want to clear something up. I didn’t mean to scare anyone or make it sound so serious when asking for prayers for Dolly.
“She’s been a little under the weather, and I simply asked for prayers because I believe so strongly in the power of prayer. It was nothing more than a little sister asking for prayers for her big sister.”
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It comes after Parton announced in September that she had to postpone her upcoming Las Vegas residency over “health challenges”.
Image: Dolly Parton performs with the Dallas Cowboys cheerleaders in 2023. Pic: Reuters
“As many of you know, I have been dealing with some health challenges, and my doctors tell me that I must have a few procedures,” the singer said at the time.
“As I joked with them, it must be time for my 100,000-mile check-up, although it’s not the usual trip to see my plastic surgeon!”
Parton said she was postponing the shows because she is “not going to be able to rehearse and put together the show that I want you to see. You pay good money to see me perform, and I want to be at my best for you”.
The country star was set to perform six shows at Caesars Palace in December, but her performance dates have been moved to September 2026.
“Don’t worry about me quittin’ the business because God hasn’t said anything about stopping yet,” Parton said as she announced the postponement of her shows. “But I believe he is telling me to slow down right now so I can be ready for more big adventures with all of you.”
It costs $5,000 less than the Model Y Long Range RWD, which Tesla now calls “premium”, along with the AWD and Performance versions, while Tesla removed roughly $6,000-$8,000 worth of features.
The value proposition is not great, but that’s not the only reason why Tesla doesn’t seem to want to sell it.
The automaker currently doesn’t offer a lease on the new version, which is not unusual after having just launched a new variant or model. For example, Tesla is still not offering leases on the Model Y Performance, which only recently launched in the US.
But more importantly, Tesla is financing the new Model Y Standard at an APR almost 30% higher than for the cheaper “Premium” version.
The result is only $72 difference in monthly payments between the two versions:
The difference is virtually the same as between the Premium RWD and AWD, but you get a whole additional motor for that.
Electrek’s Take
We have been anticipating a situation like this, but it is honestly even worse than we thought.
For example, we didn’t anticipate Tesla removing Autopilot as standard. That alone is a few thousands dollars of value removed before even accounting for the hardware changes, such as the cloth interior, cheaper seats, or even the power folding mirrors.
Then, there are the honestly quite lazy changes, like not actually removing the glass roof, but covering it inside with a headliner.
The only really good thing I see from this launch is that it is very efficient EV and Tesla still has a lead on that front over most.
However, I have to reiterate that it is getting lazy with this lead.
The standard version is only 125 lbs lighter than the premium despite Tesla seemingly using the same battery pack with a few cells removed. When you add up all the features removal, the weight loss should be much more significant, but that’s harder to do when you make decision such as covering the glass roof rather removing it.
Tesla has to know that the value proposition here is not good.
It’s a bummer that Tesla went with that rather than a new smaller and less expensive vehicle as originally planned.
Especially when you consider that the decision was made to try to increase the utilization rate of Tesla’s current production lines, which appears to be running at about 60% amid this demand slump.
I don’t think this, and the new standard Model 3, which is better value to be fair, solve this situation.
As I previously stated, I believe this boost demand between 10-15% and that’s after Tesla either drops the price or introduces 0% interest financing, which I expect before the end of the quarter.
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An ABB robot on a production line at the Sony UK Technology Centre in Pencoed, UK.
Bloomberg | Bloomberg | Getty Images
SoftBank Group on Monday said it had agreed to buy the robotics division of Swiss engineering firm ABB for $5.4 billion, as the Japanese giant looks to bolster its artificial intelligence plays.
The deal, which is subject to regulatory approval globally, means ABB will no longer look to spin off its robotics business as a separately listed company.
“SoftBank’s next frontier is Physical AI. Together with ABB Robotics, we will unite world-class technology and talent under our shared vision to fuse Artificial Super Intelligence and robotics — driving a groundbreaking evolution that will propel humanity forward,” Masayoshi Son, founder of SoftBank, said in a statement.
Artificial Super Intelligence, or ASI, is Son’s idea of AI that is 10,000 times smarter than humans.
Son has looked to position SoftBank at the center of the potential AI boom through investments and acquisitions in different areas of technology. SoftBank owns chip designer Arm, for example, and has a major stake in OpenAI.
SoftBank already has some robot-related investments, including AutoStore Holdings and Agile Robots.
The Japanese conglomerate is not new to robotics. In 2012, SoftBank took a majority stake in a French company called Aldebaran. Two years later, the two companies launched a humanoid robot called Pepper — a bet that ultimately flopped, but robotics has now re-emerged as a key focus for the Japanese giant.
Morten Wierod, who became CEO of ABB in August 2024, has pushed the spin-off of the company’s robotics unit as a strategic move.
ABB said in a statement that the sale “will create immediate value to ABB shareholders.” The company said it will use the proceeds from the transaction “in line with its well-established capital allocation principles.”
ABB said it expected cash proceeds of approximately $5.3 billion. The expected separation cost is around $200 million, about half of which is already in ABB’s 2025 guidance.