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5 things about AI you may have missed today: EU official warns against AI paranoia, Visa to invest in gen AI, more

3Oct

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5 things about AI you may have missed today: EU official warns against AI paranoia, Visa to invest in gen AI, more

[ad_1] Today was an interesting day for artificial intelligence developments. A senior official of the European Union (EU), Vera Jourova, has warned that the bloc's upcoming legislation on AI should not be based on paranoia of the technology, as it can lead to too restrictive regulations and hamper the growth of AI. In other news, Visa has revealed its plans to invest $100 million in companies that are focused on generative AI. This and more in today's AI roundup. Let us take a closer look.EU official warns against AI paranoiaVera Jourova, the European Commission's vice-president for values and transparency, told the Financial Times that the fear of a dystopian future and paranoia of the emerging tech should not be the basis for finalizing the regulations around AI. Jourova is also one ...

5 things about AI you may have missed today: EU AI laws face pushback, Microsoft’s new AI course, more

[ad_1] 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 leaders are opposing the EU's proposed legislation on AI, suggesting that it restricts competitiveness and can harm the growth of this new technology and cause an exodus of investors out of Europe. In an open letter sent to the EU, that has hundreds of signatories inc...

AI is a ‘moment of revolution,’ top Democrat says in urging swift action on regulations

[ad_1] Calling the rapid growth of artificial intelligence tools a “moment of revolution,” Senate Majority Leader Chuck Schumer said Wednesday that the government must act quickly to regulate companies that are developing it.The New York Democrat said he is working on what he calls “exceedingly ambitious” bipartisan legislation to maximize the technology's benefits and mitigate significant risks. While Schumer did not lay out details of such legislation, he offered some key goals: protect U.S. elections from AI-generated misinformation or interference, shield U.S. workers and intellectual property, prevent exploitation by AI algorithms and create new guardrails to ward off bad actors. AI legislation also should promote American innovation, Schumer said in a speech at the Center for Stra...