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The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis
EU Passes AI Act, But Generative AI Provisions Remain Controversial
Jun 15, 2023
17:02
Snipd AI
The EU has passed the AI Act, banning live facial recognition, requiring registration for certain AI systems. The controversy revolves around generative AI provisions. Other topics include GPT-4's superior pitch decks, AI Jesus chatbot, and AI in copyright infringement.
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Quick takeaways
- Generative AI could contribute up to 4.4 trillion per year to the global economy.
- The EU's AI Act includes provisions such as banning live facial recognition and implementing a review regime for major AI models.
Deep dives
McKinsey predicts generative AI could add trillions to the global economy
McKinsey predicts that generative AI could add up to 4.4 trillion per year to the global economy. The study suggests that AI could automate around 60 to 70% of current work activities, leading to increased productivity and economic value. McKinsey believes this could result in a productivity boom not seen for many decades, adding 0.2 to 3.3 percentage points annually to productivity growth. The report examined 850 occupations and 2,100 work activities across 47 countries.
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