Can we regulate LLMs? Should we?
cloud2030
Regulating and Managing Large Language Models (LLMs)
This chapter explores the challenges of validating and documenting LLMs in compliance with regulations in the financial and insurance sectors. It discusses the EU's AI Act, the UK's banking sector's adoption of EU regulations, and the National Association of Insurance Careers' realistic approach to regulating models. The chapter also highlights the importance of considering issues such as protecting children, social scoring, and biometric data in AI regulation.
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