Artificial Intelligence Rules News Today

Called the AI Act, the new rules aim to set the guardrails for a technology used in a broad swathe of industries, ranging from banking to cars to electronic products and airlines, as well as for security and police purposes.

Artificial Intelligence: The rules will also regulate foundation models or generative AI like the one built by Microsoft-backed OpenAI, which are AI systems trained on large sets of data, with the ability to learn from new data to perform various tasks.

Spence, who is a professor and dean emeritus at Stanford University, said at the summit on Saturday that Western economies are unlikely to gain more from the transition to generative AI than developing nations.

Generative AI: “We do have serious supply-side constraints. They are probably not as evident or important here in India, which is growing at a high rate and has the highest potential growth of any major economy in the world,” he said.

Over 11 scheduled technical meetings beginning on Tuesday, government officials and aides of lawmakers will hash out specific details such as the scope of the laws and how they will work

First suggested in 2019, the EUs AI Act was expected to be the worlds first comprehensive AI regulations, further cementing the 27-nation blocs position as a global trendsetter when it comes to reining in the tech industry.

EU Lawmakers AI Rules: Meanwhile, the US, UK, China and global coalitions like the Group of 7 major democracies have joined the race to draw up guardrails for the rapidly developing technology, underscored by warnings from researchers and rights groups of the existential dangers that generative AI poses to humanity as well as the risks to everyday life.

While several countries have been looking at ways to regulate AI, European lawmakers have taken a lead by drafting AI rules aimed at setting a global standard for a technology key to almost every industry and business. The draft rules could get approved by next month.

Ai Rules: A fourth trilogue meeting will be held on Tuesday, a day after EU lawmakers are scheduled to discuss their negotiating stance around foundation models and high-risk AI systems, sources said.

The draft AI rules have to be agreed by the European Parliament and European Union member states. They have so far been discussed three times in trilogues, which are meetings between parliament and EU states to thrash out the final versions of laws.