The Commission's first proposal for the AI Act is really to focus on the high-risk use cases of AI. The vast majority of AI under the current proposal would be allowed, or just allowed under very loose kinds of controls. Lawmakers wanted to make sure that companies would summarize the copyrighted material that they use to train these large language models. They also wanted to add some very interesting controls. Companies are not very happy with on making sure that they would explain the impact their technologies would have on the environment and rule of law.
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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