EU Lawmakers Pass AI Act, World’s First Major AI Regulation

The European Union has passed the Artificial Intelligence Act, becoming the first global entity to pass comprehensive law to regulate AI’s development and use. Member states agreed on the framework in December 2023, and it was adopted Wednesday by the European Parliament with 523 votes in favor, 46 against and 49 abstentions. The legislation establishes what are being called “sweeping rules” for those building AI as well as those who deploy it. The rules, which will take effect gradually, implement new risk assessments, ban AI uses deemed “high risk,” and mandate transparency requirements. Continue reading EU Lawmakers Pass AI Act, World’s First Major AI Regulation

EU Makes Provisional Agreement on Artificial Intelligence Act

The EU has reached a provisional agreement on the Artificial Intelligence Act, making it the first Western democracy to establish comprehensive AI regulations. The sweeping new law predominantly focuses on so-called “high-risk AI,” establishing parameters — largely in the form of reporting and third-party monitoring — “based on its potential risks and level of impact.” Parliament and the 27-country European Council must still hold final votes before the AI Act is finalized and goes into effect, but the agreement, reached Friday in Brussels after three days of negotiations, means the main points are set. Continue reading EU Makes Provisional Agreement on Artificial Intelligence Act

Germany, France and Italy Strike AI Deal, Pushing EU Forward

Germany, France and Italy have reached an agreement on a strategy to regulate artificial intelligence. The agreement comes on the heels of infighting among key European Union member states that has held up legislation and could potentially accelerate the broader EU negotiations. The three governments support binding voluntary commitments for large and small AI providers and endorse “mandatory self-regulation through codes of conduct” for foundation models while opposing “un-tested norms.” The paper underscores that “the AI Act regulates the application of AI and not the technology as such” and says the “inherent risks” are in the application, not the technology. Continue reading Germany, France and Italy Strike AI Deal, Pushing EU Forward

Schumer Shares Plan for SAFE AI Senate Listening Sessions

Senate Majority Leader Chuck Schumer unveiled his approach toward regulating artificial intelligence, beginning with nine listening sessions to explore topics including AI’s impact on the job market, copyright, national security and “doomsday scenarios.” Schumer’s plan — the SAFE (Security, Accountability, Foundations, Explainability) Innovation framework — isn’t proposed legislation, but a discovery roadmap. Set to begin in September, the panels will draw on members of industry, academia and civil society. “Experts aren’t even sure which questions policymakers should be asking,” said Schumer of the learning curve. “In many ways, we’re starting from scratch.” Continue reading Schumer Shares Plan for SAFE AI Senate Listening Sessions

European Union Takes Steps to Regulate Artificial Intelligence

The European Parliament on Wednesday took a major step to legislate artificial intelligence, passing a draft of the AI Act, which puts restrictions on many of what are believed to be the technology’s riskiest uses. The EU has been leading the world in advancing AI regulation, and observers are already citing this developing law as a model framework for global policymakers eager to place guardrails on this rapidly advancing technology. Among the Act’s key tenets: it will dramatically curtail use of facial recognition software and require AI firms such as OpenAI to disclose more about their training data. Continue reading European Union Takes Steps to Regulate Artificial Intelligence

CES: Addressing Challenges to Creating Global AI Standards

Both the European Parliament (the EU’s law-making body) and the U.S. National Institute of Standards and Technology (NIST) were represented on a CES panel on “AI Rules and Tools,” moderated by CTA vice president of emerging technology policy Doug Johnson. Also on the panel were executives from Facebook parent Meta Platforms and insurance provider Elevance Health, for a robust discussion on how to arrive at standards and regulations for the powerful — but often industry-based — AI technologies that will also be accepted by countries around the world and industries with competing interests. Continue reading CES: Addressing Challenges to Creating Global AI Standards

European Council Weighs in on the Artificial Intelligence Act

The European Council (EU’s governing body) has adopted a position on the Artificial Intelligence Act, which aims to ensure that AI systems used or marketed in the European Union are safe and respect existing laws on fundamental rights. In addition to defining artificial intelligence, the European Council’s general approach specifies prohibited AI practices, calls for risk level allocation, and stipulates ways to deal with those risks. The Council — comprised of EU heads of state — becomes the first co-legislate to complete this initial step, with the European Parliament expected to offer its version of the AIA in the first half of 2023. Continue reading European Council Weighs in on the Artificial Intelligence Act

EU’s Cyber Resilience Act Plans to Augment Security for IoT

The European Union has released additional details of its Cyber Resilience Act (CRA), proposed cybersecurity rules initially introduced last year aimed at the growing number of smart devices and the Internet of Things. The goal is to introduce effective regulations that would help curb surging cyberattacks. Major tech companies from Apple to Amazon and LG would need to meet strict new standards in the connected electronics space or face significant fines that could run as high as the greater of $15 million or 2.5 percent of a company’s worldwide revenue. Continue reading EU’s Cyber Resilience Act Plans to Augment Security for IoT

EU’s AI Act Could Present Dangers for Open-Source Coders

The EU’s draft AI Act is causing quite a stir, particular as it pertains to regulating general-purpose artificial intelligence, including guidelines for open source developers that specify procedures for accuracy, risk management, transparency, technical documentation and data governance, well as cybersecurity. The first law on AI by a major regulator anywhere, the proposed AI Act seeks to promote “trustworthy AI,” but some are critical that as written the legislation could hurt open efforts to develop AI systems. The EU is seeking industry input as the proposal heads for a vote this fall. Continue reading EU’s AI Act Could Present Dangers for Open-Source Coders

EU Checks Power of Big Tech with Digital Services Regulation

The European Parliament has adopted two digital acts, one focused on leveling the competitive playing field, the other on protecting consumer rights online. The Digital Markets Act and the Digital Services Act are both expected to take effect this fall, after the European Commission signs off. “We are finally building a single digital market, the most important one in the ‘free world,’” EU commissioner for the internal market Thierry Breton said Tuesday. “The same predictable rules will apply, everywhere in the EU, for our 450 million citizens, bringing everyone a safer and fairer digital space.” Continue reading EU Checks Power of Big Tech with Digital Services Regulation

EU Advances Crypto Regulation in Face of Small Investor Pain

The decentralization that promised to make cryptocurrencies accessible, transparent, and an everyman’s investment dream has turned into a nightmare for many. While professional investors have largely done well shorting blockchain stock, other individuals haven’t been as successful. Fortune wrote of “crypto carnage” in a market that has so far lost $1 trillion in this year’s market selloffs. Bitcoin has lost about 50 percent of its market value this year, while Ethereum has fallen by 56 percent since January. Last week, the European Union advanced a framework for crypto-assets that includes consumer protection and safeguards against cybercrime. Continue reading EU Advances Crypto Regulation in Face of Small Investor Pain

European Union Creates Code of Practice on Disinformation

The European Union unveiled a new code of practice for disinformation, a glimpse at the regulation Big Tech companies will be dealing with under upcoming digital content laws. Meta Platforms, Twitter, TikTok and Google have agreed to the new rules, which update voluntary guidelines. The revised standards direct social media companies to avoid advertising adjacent to intentionally false or misleading content. EU policymakers have said they will make parts of the new code mandatory under the Digital Services Act. Platforms agreeing to comply with the new rules must submit implementation reports by early 2023. Continue reading European Union Creates Code of Practice on Disinformation

EU Advances Digital Services Act to Hold Tech Accountable

The European Parliament and EU member states reached agreement Saturday on the proposed Digital Services Act, which aims to hold Big Tech accountable for “illegal and harmful content” and “provide better protection for Internet users and their fundamental rights, as well as define a single set of rules in the internal market.” Calling the DSA “historic, both in terms of speed and of substance,” European Commission President Ursula von der Leyen added, “the greater the size, the greater the responsibilities of online platforms.” Companies like Facebook, YouTube, TikTok and others will be forced to hold the line against dangerous content and misinformation or face stiff fines. Continue reading EU Advances Digital Services Act to Hold Tech Accountable

EU’s Sweeping AI Act Takes Tough Stance on High Risk Use

The European Union’s pending Artificial Intelligence Act — the world’s first comprehensive effort to regulate AI — is coming under scrutiny as it moves to law. The Act proposes unplugging AI deemed a risk to society. Critics say it draws too heavily on general consumer product safety rules, overlooking unique aspects of AI, and is too closely tied to EU market law. This could limit its applicability as a template for other regions evaluating AI legislation, contravening the EU’s desired first-movers status in the digital sphere. Continue reading EU’s Sweeping AI Act Takes Tough Stance on High Risk Use

Europe’s Digital Markets Act Designed to Regulate Big Tech

The European Parliament and EU member states reached agreement Thursday on key points of the Digital Markets Act, a sweeping measure poised to reshape the technology landscape in Europe and potentially around the world. The DMA objectives are two-fold: reining in anticompetitive measures that advantage Big Tech over competitors and consumers, and putting teeth to the new rules. Considered the biggest digital regulatory expansion anywhere in decades, the proposal has been criticized for singling out U.S. firms like Amazon, Apple, Meta and Alphabet, all of which fall into the gatekeeper category targeted by the act. Continue reading Europe’s Digital Markets Act Designed to Regulate Big Tech