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Disputed landmark AI rules face crunch EU talks
Economic Times
·
1y ago
Medial
The European Union's efforts to establish groundbreaking regulations for artificial intelligence (AI) are at a critical juncture as member states and lawmakers meet to negotiate a deal on biometric surveillance and the regulation of systems like ChatGPT. The EU's proposed AI Act, which aims to provide an alternative to the US and China's approaches, could become a benchmark. However, reaching a comprehensive agreement may be challenging, with conflicting demands over biometric surveillance and generative AI models. Failure to reach a deal may result in the AI Act being shelved, jeopardizing the EU's position as a frontrunner in AI regulation.
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EU lawmakers ratify political deal on artificial intelligence rules
Economic Times
·
1y ago
Medial
European lawmakers have ratified a provisional agreement on landmark artificial intelligence (AI) rules, known as the AI Act, which is set to become the world's first legislation on the technology. The rules aim to regulate AI systems used in various industries and for security purposes, including generative AI models. EU countries have previously given their backing, while Big Tech companies have raised concerns about the impact on innovation and the vague wording of some requirements. The legislative assembly is set to vote on the AI Act in April.
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How nations are losing a global race to tackle AI's harms
Economic Times
·
1y ago
Medial
Nations, including the European Union and the United States, are struggling to regulate artificial intelligence (AI) due to the rapid advancement and unpredictability of AI systems. The EU introduced a landmark AI law but failed to cover certain AI models, leading to debates and divisions among lawmakers. Similarly, US lawmakers admit their lack of understanding of AI and rely on AI companies to explain the technology and create rules. The article highlights the need for united action to address the risks and potential of AI.
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Europe one step away from landmark AI rules after lawmakers' vote
Economic Times
·
1y ago
Medial
The European Union (EU) has moved closer to implementing the world's first artificial intelligence (AI) rules with the endorsement of a provisional agreement by EU lawmakers. The AI Act aims to regulate high-impact AI models and high-risk AI systems, imposing transparency obligations and copyright laws. The legislation restricts real-time biometric surveillance in public spaces to specific crimes and threats. The deal is expected to be formally approved by EU countries in May and come into force in 2026. The EU's AI regulations may serve as a blueprint for other regions, but companies may face increased red tape.
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Big Tech to face tougher rules on targeted political ads in EU
Economic Times
·
1y ago
Medial
Tech giants like Facebook, Google, and Twitter may face tougher regulations on targeted political ads in the European Union (EU). The EU is currently considering proposals to impose stricter rules on online platforms to protect the integrity of political elections. These rules could include increased transparency requirements, stricter rules for micro-targeting, and limitations on data collection and use for political advertising. The objective is to prevent the spread of disinformation and ensure fair and transparent elections in the digital age.
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Trump goes to bat for big oil on climate rules in EU trade talks
Livemint
·
1m ago
Medial
In trade negotiations with the EU, the Trump administration is targeting key EU greenhouse-gas regulations, aligning with American oil executives seeking to overturn Europe's flagship environment rules. These executives have urged Trump to use the talks to challenge two major climate laws in the European Green Deal. Trump officials are pushing EU counterparts to scale back these laws, highlighting U.S. oil interests' influence in shaping international climate policy discussions.
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Meta to halt political advertising in EU from October, blames EU rules - The Economic Times
Economic Times
·
11d ago
Medial
Meta Platforms will halt political, election, and social issue advertising in the EU from early October, citing legal uncertainties due to new EU rules targeting transparency in political advertising. These regulations, effective October 10, demand clear labeling of political ads or face fines. This move aligns with Google’s similar decision and highlights Big Tech’s resistance to EU regulations meant to combat disinformation and increase accountability. EU legislation also probes companies like Meta for compliance under the Digital Services Act.
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India, US BTA not signed yet, 5 rounds of talks held: Govt to Parliament
Economic Times
·
14d ago
Medial
India and the US are negotiating a Bilateral Trade Agreement (BTA) but it is yet to be signed despite five rounds of discussions. The latest round took place from July 14-18 in Washington. Meanwhile, India’s Free Trade Agreement (FTA) with the UK is a landmark deal that enhances market access across sectors, benefiting Indian exports and services. Talks with the EU continue, with 12 rounds completed, emphasizing economic integration and regulatory transparency.
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Microsoft's OpenAI partnership could face EU antitrust probe, sources say
Livemint
·
1y ago
Medial
Microsoft's investment of $13 billion in OpenAI could face an antitrust investigation from the European Union (EU), as regulators are gathering evidence to determine if the partnership restricts competition within the EU internal market or if Microsoft's market power distorts the market through certain practices. The EU antitrust regulator has reportedly decided not to investigate the partnership under EU merger rules but may still opt for an antitrust investigation. Microsoft has a non-voting position on the OpenAI board and claims no ownership of the ChatGPT maker. The investigation is still in its early stages and no decision has been made.
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US tech titans ramp up pressure on EU
Economic Times
·
6m ago
Medial
US tech giants, including Mark Zuckerberg and Elon Musk, are challenging the EU's regulatory stance on digital content. Zuckerberg's removal of fact-checking on Meta platforms in the US could have implications for Europe. Despite accusations of "censorship," the EU insists its Digital Services Act promotes freedom of expression. While EU leaders have remained silent on these developments, they face growing pressure to enforce rules more strictly, particularly regarding misinformation and platform regulation.
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Sweeping EU rules on AI to pass final hurdle
Economic Times
·
1y ago
Medial
EU lawmakers are set to approve comprehensive regulations on artificial intelligence (AI), covering powerful systems like OpenAI's ChatGPT. The rules aim to protect citizens from potential risks while fostering innovation. The European Union (EU) has moved swiftly to pass the legislation following the emergence of ChatGPT, a popular AI language model. The regulations, known as the "AI Act," adopt a risk-based approach, imposing stricter requirements on higher-risk AI systems. Violations can lead to substantial fines, and there are bans on certain AI applications like predictive policing and using biometric information for discriminatory purposes. The rules will enter into force within the next two years.
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