AI Act

As artificial intelligence (AI) begins to touch our lives in every aspect, who owns the digital content we generate on a daily basis? The answer is complex. Today's consumers find themselves in a world where their personal data is constantly being collected, analyzed, and utilized to boost the services we use. In fact, now it's also being used to create further content? Who truly owns all this digital content?According to a report by Chiratae Ventures, the consumer tech industry will touch US$300 billion by 2027, and…

Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week here.In Microsoft’s Mistral stake, some EU regulators smell betrayalThe French unicorn AI lab Mistral said Monday that it’s sold a small share of the company to Microsoft for $16 million. Founded by Google DeepMind and Meta alumni, Mistral has billed itself as an open-source-friendly company, releasing its first two models via Hugging Face last year. But…

Europe on Friday moved a step closer to adopting rules governing the use of artificial intelligence and AI models such as Microsoft-backed ChatGPT after EU countries endorsed a political deal reached in December.The rules, proposed by the European Commission three years ago, aim to set a global standard for a technology used in a vast swathe of industries from banking and retail to the car and airline sectors. They also set parameters for the use of AI for military, crime and security purposes. EU industry chief Thierry…

France is now backing landmark EU rules governing artificial intelligence subject to strict conditions, an EU diplomatic source said on Friday, after sources had previously said it was the last holdout in the bloc to supporting the plan.Such conditions include balancing transparency and protecting business secrecy as well as implementing obligations for high risk AI systems without administrative overload, the official said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT…

Major technology companies pouring money into artificial intelligence could come to dominate the emerging technology, Aleph Alpha GmbH Chief Executive Officer Jonas Andrulis said.  He criticized the European Union's AI Act, one of the first major pieces of legislation to regulate the technology, which Andrulis said risks diverting founders' energy away from innovation and into compliance.   “We need a somewhat fair environment,” he said in an interview on Bloomberg TV on Wednesday. “And this is difficult because the big…

In December, the three branches of the European Union came to a hard-fought agreement on the world’s first set of rules on the development and use of artificial intelligence. The so-called AI Act uses a “risk-based” approach, applying a light touch to more benign systems (recommendation engines, for example) while applying stricter transparency rules to more dangerous systems (like those dealing with loan qualification), and outright banning others (surveillance). As has been the case with other EU regulations, it’s…

Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum's glitzy annual meeting in Davos. Breathtaking advances in generative AI stunned the world last year, and the elite crowd is angling to take advantage of its promise and minimize its risks. In a sign of ChatGPT maker OpenAI's skyrocketing profile, CEO Sam Altman made his Davos debut to rock star crowds, with his benefactor, Microsoft CEO Satya Nadella, hot on his…

European Union countries and lawmakers last week agreed a provisional deal for artificial intelligence rules aimed at establishing guardrails for the rapid development of AI and setting a global standard in technology regulation.The long road to the EU AI Act started in early 2021, with multiple drafts passing between the bloc's three political arms. It will take many more months before it becomes law and two more years before its impact will be felt by industry.Elevate Your Tech Prowess with High-Value Skill…

Welcome to AI Decoded, Fast Company’s weekly LinkedIn newsletter that breaks down the most important news in the world of AI. If a friend or colleague shared this newsletter with you, you can sign up to receive it yourself here.Super Investor Vinod Khosla on our AI futureVeteran venture capitalist Vinod Khosla dropped some pearls of wisdom on an adoring crowd during a brief interview onstage at Fortune’s AI conference in downtown San Francisco Tuesday. Here’s a quick rundown of his major points. On the risks of AI: “The…

On Friday, December 8, Europe reached a provisional deal on landmark European Union (EU) rules governing the use of artificial intelligence (AI). The political agreement is seen as a landmark moment for the EU and now, it is expected that the rest of the process to enact the AI Act. As per reports, the sticking points where the bloc failed to find consensus were governments' use of AI in biometric surveillance and how to regulate AI systems such as ChatGPT. Now that the agreement is in place, you should know the key…