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An EU bill that would create the West’s first regulatory scheme for AI has been the subject of criticism from the business and technology sectors, with an open letter released today calling for fewer restrictions and a more ‘bureaucratic’ approach. claimed to be.
The letter was signed by notable executives of the Person Report from major European companies including Siemens, Dassault, Heineken, Renault, Deutsche Telekom and Airbus. A total of 163 people signed the letter.
Signatories worried that the draft AI law would make continental Europe less competitive in a fast-growing sector and urged the EU to adopt a more liberal approach to AI regulation.
“Ensuring regulation of generative AI into law and following rigid compliance logic is an ineffective and bureaucratic approach to achieving that goal,” the letter states. . “In a context of little known about the actual risks, business models and applications of generative AI, European legislation should be limited to stating broad principles in a risk-based approach.”
The letter likens generative AI to the invention of microchips and the internet, stressing its importance and saying that the need to comply with the law could cause major AI innovators to move out of Europe. .
“under [draft law] If recently adopted by the European Parliament, the underlying model would be heavily regulated, regardless of its use case, and companies developing and implementing such systems would face disproportionate costs and disproportionate liability risks. will be,” the letter said.
The AI law, which was passed by the European Parliament earlier this month, will become law once EU countries ratify it. The provision includes a total ban on the use of AI in biometrics, a requirement to label AI-generated content, and safeguards against AI and illegal content.
The law was amended in April to include tougher regulations on generative AI, sparking controversy over last-minute changes. Ultimately, parliamentarians formed a consensus that large language models such as ChatGPT and Midjourney should be regulated to preserve core EU rights and values such as freedom of expression. It also included a provision requiring all such generative AI creators to disclose copyrighted material.
Tags Artificial Intelligence (AI)
