John Willis, panelist on the episode, shares a bonus story about APIs and Jeff Bezos. The podcast explores the challenges of regulating large language models (LLMs) and discusses the EU's AI Act, UK's adoption of EU regulations, and the National Association of Insurance Careers' realistic approach to LLM regulation. They also discuss consent, ownership, and the legality of using scraped data. The importance of data provenance, metadata management, and similarity search in traditional databases is highlighted. They delve into transforming artifacts into monetary value and invite the listener to join future discussions on regulating LLMs.
Regulating large language models (LLMs) requires addressing the challenges of controlling and regulating information within these models.
The EU's AI Act emphasizes rights-oriented regulation and the need to protect the rights of citizens and companies, while also considering the impact of AI systems on factors like children and biometric data.
Deep dives
Regulating Large Language Models
In this episode, the challenges of regulating large language models (LLMs) are explored. The discussion delves into the mechanics of controlling and regulating information within these models, and the challenges faced by governments and companies in their approach to regulation. The episode also touches on the need for clarity and addressing lack of clarity in EU regulations, particularly in relation to risk models in the financial and insurance sectors. Additionally, the podcast highlights the need for accountability, compliance, and documentation in LLMs, drawing attention to the approach taken by the UK banking sector and the National Association of Insurance Commissioners.
The EU's AI Act and Rights-Based Approach
The EU's AI Act is examined in relation to its focus on rights-oriented regulation. The podcast highlights the EU's emphasis on protecting the rights of EU citizens and companies, and the impact of this on AI regulation. The importance of considering the impact of AI systems on factors such as children, social scoring, and biometric data is discussed. The podcast recognizes the need for further understanding of AI systems and the importance of assessing specific concerns, while also acknowledging the challenges of enforcing compliance and accountability, particularly in light of previous regulations like GDPR.
Risk Models in the Financial Sector
The podcast explores the validation and compliance challenges faced by banks and insurance companies using risk models in the context of the hype around large language models. It highlights the regulatory controls and compliance rules in place for risk models in the financial sector, and the burden this places on organizations. The need for accurate and complete risk models that adhere to compliance regulations is emphasized, with a recognition of the complexity and expenses involved in meeting these requirements.
Metadata and Similarity in Data Storage
The conversation delves into the importance of metadata and similarity in data storage, particularly in the context of vector databases. The challenges of organizing and retrieving data, as well as addressing bias and establishing provenance, are discussed. The podcast also explores the potential solutions offered by hybrid approaches, such as a combination of vector databases and metadata, to create more navigable and compliant data structures.
How do you regulate large language models? We look at the challenges of regulating these AI approaches and how governments and companies can approach it. We untangle how these models work, and dive into the mechanics of what information is controllable. We walk through concrete information that is a benefit to you here as our listener, and incentive for you to join us in future conversations as we continue to unravel it.
In addition, John Willis was on the panel today, and he started us off with a story about API's, Amazon, Jeff Bezos, and O'Reilly from the warmup. So you'll get a short bonus story by John Willis before we start.
References
https://ised-isde.canada.ca/site/innovation-better-canada/en/artificial-intelligence-and-data-act-aida-companion-document
https://www.europarl.europa.eu/news/en/headlines/society/20230601STO93804/eu-ai-act-first-regulation-on-artificial-intelligence#:~:text=Parliament's%20 priority%20is%20to%20make,automation%2C%20to%20prevent%20harmful%20outcomes
https://www.trade.gov/market-intelligence/uk-ai-regulations-2023
https://content.naic.org/cipr-topics/artificial-intelligence
Transcript: https://otter.ai/u/dBRQBFNz8d01taQ-iMelFGdR2Zk?utm_source=copy_url
Image: https://www.pexels.com/photo/measuring-guitar-pick-3988555/
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