The EU proposed the AI Act two years ago, and companies have been lobbying like crazy in the interim. It's kind of difficult to summarize exactly what companies all want, but if I were to boil it down to three points: trust us, we as companies have already put in our own controls. And third, they really want to stick with this risk-based approach, which means very few controls on generative AI.
The European Union became one of the first in the world to take wide-reaching action to regulate artificial intelligence when it passed a draft law in June. The proposal would put new guardrails around the use and development of artificial intelligence, including curbing the use of facial recognition software and increasing ChatGPT’s transparency. Bloomberg’s Jillian Deutsch joins guest host Rosalind Mathieson to talk about how the EU pulled ahead in the race to regulate AI, and why concerns are growing about AI being overregulated. Columbia Law School Professor Anu Bradford discusses what the global effect will be if this far-reaching regulatory framework is enacted into law.
Read more: Big Tech Wants AI Regulation — So Long as Users Bear the Brunt
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