New advances in artificial intelligence have reportedly made efforts to regulate the technology more difficult.
At least that’s the case in the European Union, where the rise of generative artificial intelligence (AI) such as ChatGTP has complicated the debate among lawmakers who were set to vote on a landmark set of laws, Reuters reported Wednesday (March 22).
The report, citing unnamed sources, says lawmakers are at odds over various facets of the proposed AI Act. It’s part of a larger debate happening around the world, with critics calling for greater oversight of AI as big businesses invest heavily in the technology.
“The pace at which new systems are being released makes regulation a real challenge,” Daniel Leufer, a senior policy analyst at rights organization Access Now, told Reuters.
“It’s a fast-moving target, but there are measures that remain relevant despite the speed of development: transparency, quality control, and measures to assert their fundamental rights.”
As reported here last year, the AI Act is the EU’s most comprehensive piece of legislation on the technology to date. While the legislation will have far-reaching implications for many industries, the most impacted will be applications of AI that the EU determines as high risk.
As the proposal says, the Act “imposes regulatory burdens only when an AI system is likely to pose high risks to fundamental rights and safety. For other, non-high-risk AI systems, only very limited transparency obligations are imposed.”
While lawmakers in the EU continue to debate the topic, recent reports show some regulations happening at the corporate level, with nearly half of human resource leaders currently in the process of formulating guidance on employee use.
A number of leading financial institutions, including Bank of America, Goldman Sachs, Citigroup, Deutsche Bank and Wells Fargo, have forbidden the use of ChatGPT completely, while J.P. Morgan has placed limits on its use by its staff.
On the flip side, this month saw news that General Motors is working on an in-vehicle AI project, while Bain & Company and OpenAI are working on a project that combines Bain’s digital implementation capabilities and strategic expertise with OpenAI’s AI tools and platforms.
For example, patients are likely to feel more comfortable having their doctor review an AI-powered assessment before prescribing care. When it comes to healthcare, AI is better suited for automating back-office operations than “it is at performing back surgery,” that report said. “At least for now.”
Featured News
Japan’s Nippon Steel Eyes Year-End Close on $15B US Steel Deal Amid Political Uncertainty
Nov 7, 2024 by
CPI
Canada Orders Dissolution of TikTok’s Business Amid National Security Concerns
Nov 7, 2024 by
CPI
India Raids Amazon, Flipkart Seller Offices in Foreign Investment Probe
Nov 7, 2024 by
CPI
Canada’s Competition Bureau Seeks Public Feedback on Updated Merger Guidelines
Nov 7, 2024 by
CPI
FTC Adopts Stricter Reporting Rules for Mergers, Delays Expected in 2025
Nov 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI