ai law

Following marathon talks between European Union lawmakers and member states since Wednesday, the EU has reached a landmark agreement to regulate artificial intelligence (AI). This agreement will lay down provisional rules for the use of AI across the EU. Here’s an explainer.What is the EU agreement and why is it significant?The EU on Friday came to a political agreement on the rules for governing AI, bringing it closer to being the first major global power to establish enforceable AI legislation.Elevate Your Tech Prowess…

Today was a big day in the world of artificial intelligence. As European Union has begun finalizing the redrafted AI laws, many companies have begun sharing concerns and urging the EU to reconsider the policies. In separate news, Microsoft has launched a new AI skills initiative, a free course, across the globe through which it intends to help people understand how to use the potential of AI. This and more in today's AI roundup. Let us take a closer look.Top companies raise alarm over the EU AI lawsMany big business…

OpenAI Inc. Chief Executive Officer Sam Altman's European goodwill tour devolved into a war of words with European Union regulators after he said his company could pull out of the bloc over its proposed AI Act.“The details really matter,” Altman, whose company kicked off the artificial intelligence boom with the release of ChatGPT last year, told reporters in London this week. “We will try to comply, but if we can't comply we will cease operating.” His warning comes as EU regulators are considering laws that will hold AI…

Yesterday, May 10, Google I/O 2023 keynote saw a surprise move being made. More than half of the entire event was around how Google is planning to bring artificial intelligence to its various products and services. And Google is not alone. Many major businesses are heavily investing in AI technology to bring it to the forefront of their offerings, and it can be concerning because, with all the progress, the regulatory framework, or the rules around the issue, has taken a back seat. But European Union has different plans…

The European Union needs to speed up work on artificial intelligence (AI) regulation, Commission vice president Margrethe Vestager said Monday, as policymakers wrestle with the risks from the emergent technology."There is no time to waste" on passing rules to control the use of AI, Vestager told reporters in Berlin. The European Commission put forward regulatory proposals in early 2021, but progress on the legislation has been slow. EU member states set out their views on the Commission's ideas at the end of 2022, while…

The Federal Trade Commission's chief said the agency was committed to using existing laws to rein in some of the dangers of artificial intelligence, such as enhancing the power of dominant firms and "turbocharging" fraud. "Although these (AI) tools are novel, they are not exempt from existing rules, and the FTC will vigorously enforce the laws we are charged with administering, even in this new market," FTC Chair Lina Khan wrote in an opinion piece in the New York Times on Wednesday. The sudden popularity of…

European Union tech regulation chief Margrethe Vestager said on Sunday the bloc will likely reach a political agreement this year that will pave the way for the world's first major artificial intelligence (AI) legislation.This would follow a preliminary deal reached on Thursday on the EU's Artificial Intelligence Act.In an interview with Reuters at a Group of Seven digital ministers' meeting in Takasaki, Japan, Vestager suggested legislative measures for the use of AI tools, such as "labelling obligations for AI-generated…