In many ways, I think the legislation is still somewhat vague. You cannot expect the lawmakers to become too specific in prescribing how you develop these technologies. So that I think suggests this is the best that we can do at this point. And there I'm willing to say that even if we don't fully get to the kind of regulation that best serves the development of AI or the future years, it is still important to get basic guardrails in place.
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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