![]() They've got access to some of the top notch talent in the world, and it's not a new conversation for them," Max Heinemeyer, chief product officer of Darktrace, told CNBC. "The EU has a great, deep pocket of expertise in AI. They would face measures including tough risk assessments and a requirement to stamp out discrimination arising from the datasets feeding algorithms. High-risk AI systems are defined by the commission as those that could affect people's fundamental rights or safety. When the AI act was first dreamed up, officials hadn't accounted for the breakneck progress of AI systems capable of generating impressive art, stories, jokes, poems and songs.Īccording to Reuters, the EU's draft rules consider ChatGPT to be a form of general purpose AI used in high-risk applications. These rules regulate how companies can process and store personal data. It will work in conjunction with the EU's General Data Protection Regulation. "And it often boils down to two things, which is transparency and fairness." The EU "It's more, if you're using AI, these are the principles you should be thinking about," Holmes told CNBC. In a speech to Parliament last Wednesday, Digital Minister Michelle Donelan said the sudden popularity of generative AI showed that risks and opportunities surrounding the technology are "emerging at an extraordinary pace."īy taking a non-statutory approach, the government will be able to "respond quickly to advances in AI and to intervene further if necessary," she added.ĭan Holmes, a fraud prevention leader at Feedzai, which uses AI to combat financial crime, said the main priority of the U.K.'s approach was addressing "what good AI usage looks like." Instead, it wants to ensure companies are developing and using AI tools responsibly and giving users enough information about how and why certain decisions are taken. proposals, which don't mention ChatGPT by name, outline some key principles for companies to follow when using AI in their products, including safety, transparency, fairness, accountability, and contestability.īritain is not at this stage proposing restrictions on ChatGPT, or any kind of AI for that matter. ![]() Rather than establish new regulations, the government asked regulators in different sectors to apply existing regulations to AI. It is more advanced than previous iterations of AI, thanks in no small part to new large language models, which are trained on vast quantities of data. Generative AI refers to a set of AI technologies that generate new content based on prompts from users. Other governments are coming up with their own rules for AI, which, whether or not they mention generative AI, will undoubtedly touch on it. Italy isn't the only country reckoning with the rapid pace of AI progression and its implications for society. OpenAI, which is backed by Microsoft, risks facing a fine of 20 million euros ($21.8 million), or 4% of its global annual revenue, if it doesn't come up with remedies to the situation in 20 days. Garante also flagged worries over a lack of age restrictions on ChatGPT, and how the chatbot can serve factually incorrect information in its responses. There "appears to be no legal basis underpinning the massive collection and processing of personal data in order to 'train' the algorithms on which the platform relies," Garante said in a statement Friday. The regulator, which is also known as Garante, cited a data breach at OpenAI which allowed users to view the titles of conversations other users were having with the chatbot. Personal Loans for 670 Credit Score or Lower ![]() ![]() Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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