AI regulation

As concerns grow over increasingly powerful artificial intelligence systems like ChatGPT, the nation's financial watchdog says it's working to ensure that companies follow the law when they're using AI.Already, automated systems and algorithms help determine credit ratings, loan terms, bank account fees, and other aspects of our financial lives. AI also affects hiring, housing and working conditions. Ben Winters, Senior Counsel for the Electronic Privacy Information Center, said a joint statement on enforcement released…

OpenAI, the startup behind the popular ChatGPT artificial intelligence chatbot, said Thursday it will award 10 equal grants from a fund of $1 million for experiments in democratic processes to determine how AI software should be governed to address bias and other factors.The $100,000 grants will go to recipients who present compelling frameworks for answering such questions as whether AI ought to criticize public figures and what it should consider the “median individual” in the world, according to a blog post announcing…

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…

ChatGPT maker OpenAI has proposed a new international body for regulating artificial intelligence (AI). Led by CEO…

As the race to develop more powerful artificial intelligence services like ChatGPT accelerates, some regulators are relying on old laws to control a technology that could upend the way societies and businesses operate.The European Union is at the forefront of drafting new AI rules that could set the global benchmark to address privacy and safety concerns that have arisen with the rapid advances in the generative AI technology behind OpenAI's ChatGPT. But it will take several years for the legislation to be enforced. "In…

Leaders of the Group of Seven countries have expressed their concern about the disruptive potential of rapidly expanding technologies like generative AI. Leaders of the Group of Seven countries have expressed their concern about the disruptive potential of rapidly expanding technologies like generative AI. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

The conversation around regulations in the field of artificial intelligence (AI) is gaining momentum. Earlier this year, the European Union stated that they were working on drafting a new AI policy that will bring generative AI such as ChatGPT and Google Bard under its ambit. On Tuesday, OpenAI CEO Sam Altman gave a testimony in front of the US Congress, highlighting the need to bring regulations to the AI space. And now, Union Electronics and IT Minister Ashwini Vaishnaw has also hinted at India's plans to formulate a…

Sam Altman, the chief executive of ChatGPT maker OpenAI, has called for new rules to be put in risk to guard against the potential risks of AI ahead of US elections. Altman urged US lawmakers to introduce regulations for rapidly advancing artificial intelligence (AI) technology. He expressed concerns about the potential for AI to generate “interactive disinformation” leading up to the upcoming US elections. Speaking at a hearing before a US Senate subcommittee, Altman, advocated for independent audits, a licensing…

Digital India Corporation's MD and CEO, Abhishek Singh, has said that India needs to have its own framework on Artificial Intelligence (AI). He said that while many countries have legislative interventions, there is no law in India to regulate AI and the company is "thinking in this direction"."As and when the Digital India Act is passed, there would be provisions for enforcing guidelines," news agency PTI cited Singh as saying.Digital India Corporation is a not for profit company set up by the Ministry of Electronics and…

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…