Tag: EU AI regulation

5 things about AI you may have missed today: EU official warns against AI paranoia, Visa to invest in gen AI, more
3Oct By adminNo Comments
Technology

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 ...
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What Europe’s AI regulation moment will mean for the world
1Aug By adminNo Comments
Technology

What Europe’s AI regulation moment will mean for the world

[ad_1] The European Union's AI regulation has some predicting a spate of Brussels copycats. Close, but not quite."It is the AI moment." So went the declaration from International Telecommunications Union Secretary-General Doreen Bodgan-Martin at the conclusion of a UN summit in Geneva on 7 July 2023. At a historic UN Security Council meeting 11 days later, Secretary-General António Guterres agreed. So did nations and regulators.A desire has emerged from powerful quarters to protect citizens from the potential harms of AI — issues that are known (discrimination, privacy violations, copyright theft) and those which are not. Yet.Most nations have approached issues like this by allowing sectors to individually regulate AI, such as aircraft design and flight safety. The infamous Boeing 737 M...
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5 things about AI you may have missed today: AI legal assistant, AI lens on drivers and more
18Jul By adminNo Comments
Technology

5 things about AI you may have missed today: AI legal assistant, AI lens on drivers and more

[ad_1] The European Union's attempt to standardize its regulatory framework on artificial intelligence gets a half-hearted response as many Asian countries decide to take up a wait-and-see approach. In other news, an Indian legal tech startup CaseMine has launched the nation's first AI-powered legal assistant called Amicus. This and more in today's AI roundup. Let us take a closer look.CaseMine launches AI legal assistantA Delhi-NCR-based legal tech startup called CaseMine has launched India's first-ever AI-powered legal assistant, according to a report by Bar and Bench. Named Amicus, it is a generative AI that gives lawyers and paralegals worldwide access to legal information and insights. The tool is aimed to help legal professionals in going through copious amounts of legal proceedin...
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Bad news for ChatGPT? IT minister reveals India’s plans to regulate AI
18May By adminNo Comments
Technology

Bad news for ChatGPT? IT minister reveals India’s plans to regulate AI

[ad_1] 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 similar framework. In an interview with The Times of India, the Union Minister said, “The whole world is looking at what should be the framework, and what should be the regulatory setup. In G7, all digital ministers (of G7 countries) are seriously concerned about w...
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EU parliament set to wield regulation hammer on AI; Know how it affects tech like ChatGPT-key takeaways
11May By adminNo Comments
Technology

EU parliament set to wield regulation hammer on AI; Know how it affects tech like ChatGPT-key takeaways

[ad_1] 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 as it has already begun drafting an ambitious Artificial Intelligence Act, which could be the first of its kind.How things changedThe draft was initially written two years ago, but the technology has moved in a different direction and the 108-page long draft falls...
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