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Sweeping EU rules on AI to pass final hurdle

Economic Times

Economic Times · 1y ago

Sweeping EU rules on AI to pass final hurdle

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.

Related News

EU Commission tries to rally support for political deal on gig workers' rights

Economic Times

Economic Times · 1y ago

EU Commission tries to rally support for political deal on gig workers' rights

The European Commission is seeking endorsement from EU countries for a diluted agreement on the rights of gig workers at platforms like Uber and Deliveroo. The proposal, which is being pushed ahead of a meeting of EU ambassadors, has encountered challenges from countries such as France and Germany. The provisional agreement eliminates a set of criteria for determining whether online companies are employers, leaving it up to governments to establish employment criteria that can be challenged by companies or authorities. Failure to pass the legislation would lead to a lack of uniform rules and legal uncertainty for gig workers and online platforms.

Can EU's gig worker rules tame management by algorithm?

Economic Times

Economic Times · 1y ago

Can EU's gig worker rules tame management by algorithm?

EU ministers have agreed on a deal to address one of the major issues faced by gig workers - management by algorithm. While the deal falls short of unions' demands, it includes provisions for greater transparency over algorithmic management systems. The new rules require some human oversight for automated decisions impacting working conditions and give workers access to information driving AI-powered decisions. This move aims to prevent discrimination and labour rights infringements. The draft EU rules also regulate the impact of algorithmic management in the workplace, as AI begins to replace jobs.

Moratorium on state AI regulation clears Senate hurdle | TechCrunch

TechCrunch · 7m ago

Moratorium on state AI regulation clears Senate hurdle | TechCrunch

A Republican proposal to prevent state-level AI regulation cleared a Senate procedural hurdle. The rule, led by Senator Ted Cruz, ties broadband funding to state compliance over a 10-year period, aiming to standardize AI rules nationally. The provision seemingly bypasses certain legislative barriers, though internal party disagreements persist. Critics argue it risks creating a regulatory void without federal alternatives, while supporters, including President Trump, cite national security concerns against varied state regulations.

EU lawmakers ratify political deal on artificial intelligence rules

Economic Times

Economic Times · 1y ago

EU lawmakers ratify political deal on artificial intelligence rules

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.

AI deals between Microsoft and OpenAI, Google and Samsung, in EU crosshairs

Economic Times

Economic Times · 1y ago

AI deals between Microsoft and OpenAI, Google and Samsung, in EU crosshairs

The European Union (EU) may launch an antitrust investigation into Microsoft's collaboration with OpenAI due to concerns over exclusivity clauses, while Google's AI deal with Samsung is also under scrutiny. EU regulators are seeking additional perspectives to understand the potential negative impact on competitors. This highlights worldwide unease about tech giants leveraging their dominance in the AI sector. EU competition chief, Margrethe Vestager, has sent information requests to major tech companies regarding their AI partnerships. Microsoft's partnership with OpenAI will not be subject to EU merger rules, but concerns persist regarding Big Tech blocking smaller AI developers. Google's arrangement with Samsung is also being examined, as are acqui-hires, where one company acquires another primarily for talent.

EU tech rules are costing them big time, US commerce secretary says - The Economic Times

Economic Times

Economic Times · 2m ago

EU tech rules are costing them big time, US commerce secretary says - The Economic Times

U.S. Commerce Secretary Howard Lutnick criticized the European Union's technology regulations, claiming they negatively affect the EU's economy. In a CNBC interview, Lutnick suggested that the EU could make its tech sector rules more balanced, which might lead to reduced U.S. tariffs on EU steel and aluminum imports. He believes that current EU tech rules are detrimental to the economic bloc, highlighting the need for a more harmonious regulatory approach.

Big Tech to face tougher rules on targeted political ads in EU

Economic Times

Economic Times · 2y ago

Big Tech to face tougher rules on targeted political ads in EU

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.

EU Commission investigates depth of EU safety net for stablecoin holders

Economic Times

Economic Times · 1y ago

EU Commission investigates depth of EU safety net for stablecoin holders

The European Commission is investigating the protection of redemption rights for investors in euro-pegged e-money tokens (EMTs) under EU rules. Questions arose about the technical identicality of EMTs issued by EU and non-EU entities, highlighting issues of regulatory interpretation. The EU's MiCAR rules require issuers to hold reserves for investor protections. The investigation includes examining if only EU customers can redeem from EU-based entities and discussions about regulatory flexibility to foster innovation.

EU agrees to landmark rules on artificial intelligence

Arstechnica

Arstechnica · 2y ago

EU agrees to landmark rules on artificial intelligence

The European Union has reached a historic agreement on legislation to regulate artificial intelligence (AI). The EU's AIAct aims to establish clear rules for the use of AI technology, positioning the continent as a global leader. After years of discussions, the deal was recently finalized after extensive deliberations between member states, European Parliament, and the European Commission. While some European companies have expressed concerns about overly restrictive rules hindering innovation, the EU aims to prioritize human interests in AI development.

Europe one step away from landmark AI rules after lawmakers' vote

Economic Times

Economic Times · 1y ago

Europe one step away from landmark AI rules after lawmakers' vote

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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