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
Add reaction
Add reaction Related News An overview of fake product detection using blockchain technology 7 popular tools and frameworks for developing AI applications 9 Common interview questions for AI jobs EU sets up research hub to analyze Big Techs AI algorithms OpenAI has until April 30 to comply with EU laws Next to impossible, say experts Midjourney, other AI devs strike back in court, claiming their material is not similar to artists
