AI regulation

Every time a new technology with a wide scope of applications emerges, the music industry suffers one of the first blows. Be it compact discs, MP3 players, or websites capable of streaming/hosting songs, the music industry has always suffered the consequences and come out in protest. The biggest reason? Copyright issues. Music is one of the most vulnerable intellectual properties as it is very easy to pirate or steal, modify, and repackage to divert revenue from the artists and the record label.But so far, the industry…

Technology company executives Mark Zuckerberg and Sam Altman expressed support for government oversight of artificial intelligence after discussions with European Commission Thierry Breton.The commissioner said Friday that he and Zuckerberg, chief executive officer of Meta Platforms Inc., were “aligned” on the EU's regulation of artificial intelligence, which is now in final negotiations. They agreed on the bloc's risk-based approach and to measures like watermarking, Breton said. Altman, CEO of OpenAI, said he, too,…

Technology company executives Mark Zuckerberg and Sam Altman expressed support for government oversight of artificial intelligence after discussions with European Commission Thierry Breton.The commissioner said Friday that he and Zuckerberg, chief executive officer of Meta Platforms Inc., were “aligned” on the EU’s regulation of artificial intelligence, which is now in final negotiations. They agreed on the bloc’s risk-based approach and to measures like watermarking, Breton said.Altman, CEO of OpenAI, said he, too,…

With fintechs such as Paytm and PhonePe entering the credit ecosystem, ICICI Bank, Axis Bank, HDFC Bank and others are trying to get merchants to opt for their QR codes. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Ideaforge IPO to open for subscription on June 26■ Tesla eyes India entry soon■ TCS wins $1 billion UK dealSquaring Off: Banks want their QR codes at merchant outlets Hi, this is Pratik Bhakta in Bengaluru. Today I write about how banks are trying to reclaim their share of merchant…

President Joe Biden will convene a group of technology leaders on Tuesday to debate artificial intelligence.The Biden administration is seeking to figure out how to regulate the emergent field of AI, looking for ways to nurture its potential for economic growth and national security and protect against its potential dangers. Biden plans to meet with eight experts from academia and advocacy groups. The sudden emergence of AI chatbot ChatGPT and other tools has jumpstarted investment in the sector. AI tools are able to…

Hi, this is Pranav Mukul in New Delhi. OpenAI chief executive Sam Altman has visited India and a dozen or so other jurisdictions over the last month. The buzz around his globetrotting suggests the ChatGPT creator wants to get in on the ground floor when it comes to regulations around Artificial Intelligence (AI).His trip comes in the backdrop of governments across the world, including India, attempting to build a case for the regulation of AI-based tools, while raising questions about their impact on morality, ethics,…

Microsoft Corp. will create a program to assure customers the artificial intelligence software they buy from the company will meet any future laws and regulations, looking to keep clients investing in AI tools ahead of whatever rules are passed governing the new technology.The software company will help clients manage regulatory issues stemming from AI applications they deploy with Microsoft, convene customer councils on the issues and continue its engagement with lawmakers “to promote effective and interoperable AI…

Artificial intelligence (AI) is revolutionising the education system in general and EdTech in particular, but a recent survey conducted by Axis My India has revealed that 88% of Indians are unaware of the existence of AI tools. However, that has not kept authorities from looking to control things in the space and this has resulted in the National Association of Software and Service Companies (Nasscom) to release the draft guidelines that will regulate generative AI in India. This and more in our daily AI roundup. Let us…

Chinese quant hedge fund managers are rushing to explore ChatGPT-style tools, embracing the emerging artificial intelligence AI technology that has sparked a global frenzy since the release of the widely popular Microsoft-backed OpenAI chatbot.Quants' focus on advanced AI to aid decision-making comes amid a tough investment environment, as China's post-Covid-19 recovery wanes and competition rises in the country's 20 trillion yuan ($3 trillion) private fund industry. "ChatGPT is an epoch-making application ... It can draw…

Biden administration officials are divided over how aggressively new artificial intelligence tools should be regulated — and their differences are playing out this week in Sweden.Some White House and Commerce Department officials support the strong measures proposed by the European Union for AI products such as ChatGPT and Dall-E, people involved in the discussions said. Meanwhile, US national security officials and some in the State Department say aggressively regulating this nascent technology will put the nation at a…