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EU Scales Back Tech Rules to Boost AI Investment, Says Digital Chief

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Davos 2024: 360° on AI Regulations⁣ |‍ World Economic Forum

Leaders ‌around the globe have called for international collaboration to steer AI’s development to human and planetary development rather than exploitation. harmonizing diverse views will tackle challenges at‍ the nexus of tech, privacy and rights. With AI’s‌ swift advance and varied ⁤national‌ oversight ⁣frameworks emerging, how can global players collaboratively craft ⁤adaptive, forward-looking …

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AI adopted by over a third of EU‍ companies | world economic Forum

AI has the potential to provide vital data for climate⁢ action and sustainable growth through Earth Observation. this Agenda article explores how, when coupled with ⁤new satellites and advanced sensors, AI‌ can answer complex questions, provide intuitive user interfaces‌ for non-expert‍ users ⁤and drive⁤ business model innovation.

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What the EU is doing to foster human-centric AI

The EU’s first draft ⁢Regulation on AI is part of a wider effort to⁣ develop human-centric AI⁤ by eliminating mistakes and biases to ensure it is safe and trustworthy. ⁣The regulation includes requirements to minimise the risk of algorithmic discrimination, in particular in…Powerful AI models, such as ‍OpenAI’s GPT-4 and Google‌ Gemini,​ also face extra ⁤obligations, such as having to be​ more transparent about how models are trained.

Google and Meta,the owner of Facebook,have been criticising the code. Meta’s top lobbyist Joel Kaplan said in Brussels earlier this month that the code risked⁢ imposing “unworkable and technically unfeasible ​requirements”.

But Virkkunen insisted the deregulatory push is driven by the EU’s own ambition to enhance its⁢ competitiveness, and not “dependent ​on ⁤the US”.

“We are very ‍committed to cut bureaucracy and red tape,” she said.

Brussels had no plans to weaken⁢ enforcement of its rules governing online‌ platforms,⁤ which “are working” to ensure a level playing field, she said.

So ⁣far,‌ big Tech has been largely complying with EU rules, given that the bloc‌ “is one ⁢of the biggest markets” for US companies.

“We are open for business, but we also want to make sure that we are protecting ⁣our own values and our way of life,” Virkkunen said.

“Our ​digital world ‍can’t ⁤be a wild west where there are no rules.”

Additional reporting by Melissa Heikkilä.


Global Collaboration and AI Regulations: A ⁤Deep Dive

In the rapidly​ evolving landscape ‍of artificial intelligence, regulatory frameworks are emerging to ensure that AI advancement ⁣aligns with human ‌and planetary interests. This interview with⁣ Dr.‍ Emma ‍Thompson,a leading expert in AI ethics and regulation,explores the latest developments and challenges‍ in​ AI governance.

International Collaboration on AI Regulations

Senior Editor,World-Today-News.com: ⁤ Dr.‌ Thompson, the World Economic Forum highlighted the need for international collaboration to ‌steer AI’s development. How critical is this collaboration in shaping AI regulations?

dr. Emma ‌Thompson: Collaboration is essential. AI doesn’t recognize national borders, ​and its impact is global. Harmonizing ‍diverse views and creating a unified framework can address challenges at the‍ intersection of technology, privacy, and rights. Without international​ cooperation, we risk a fragmented regulatory landscape that could hinder‌ innovation and create loopholes for unethical practices.

AI’s Role in Climate Action⁣ and ⁢Lasting Growth

Senior Editor, World-Today-News.com: The World Economic Forum⁣ also discussed AI’s potential in providing⁤ vital data for climate action and sustainable growth through Earth Observation. How⁢ is AI transforming ​this field?

Dr. ‌Emma Thompson: AI is revolutionizing Earth Observation by analyzing vast⁤ amounts of data from new ⁤satellites and advanced sensors. ⁢It can answer complex questions ‌about our‌ habitat, provide intuitive user interfaces for non-expert users, ⁢and drive‍ business model innovation.As ⁣an example, AI can help monitor deforestation,​ track carbon emissions, and optimize resource management,‍ all of which​ are crucial for sustainable growth and ​climate ‌action.

EU’s Efforts to Foster Human-Centric AI

Senior editor, World-Today-News.com: The EU⁣ has ⁤been proactive in developing ‌human-centric AI regulations. Can you discuss the EU’s approach and its implications?

Dr. Emma Thompson: The EU’s draft⁣ Regulation on AI is a significant step ⁣towards ensuring AI ⁢is‌ safe and trustworthy. It aims to ⁣eliminate mistakes and⁤ biases,particularly in algorithmic discrimination. Powerful AI ‍models like ‌OpenAI’s GPT-4 and Google Gemini face additional obligations, such as enhanced transparency. This⁣ regulation reflects ⁤the EU’s commitment to protecting fundamental rights while fostering innovation. Though, there’s been criticism‍ from ‍tech giants like google‌ and Meta, who argue‌ that some requirements are unworkable. The EU’s response underscores ⁣its determination to balance competitiveness with stringent ⁣ethical standards.

Balancing Innovation and Regulation

Senior Editor, World-Today-News.com: How do you see the balance between innovation ‍and ‌regulation playing out in‍ the near ​future?

Dr. Emma thompson: Finding ⁢the right balance ​is crucial. Over-regulation can stifle innovation, while under-regulation can lead to misuse. The EU’s approach is‌ commendable as it seeks to cut bureaucracy while ‍maintaining high standards.It’s essential for regulations to be adaptive and forward-looking,allowing for technological advancements while ensuring ethical considerations are met. The ongoing dialog between regulators and ⁤tech companies‍ will⁢ be key to achieving this balance.

Concluding Thoughts

Senior Editor, World-Today-News.com: what are the main takeaways from our ⁤discussion?

Dr. emma Thompson: The ​main takeaways are the critical ‍need for international​ collaboration, the transformative potential of AI in climate action, ‌and the‌ EU’s pioneering efforts⁤ to foster human-centric AI.⁣ Balancing⁣ innovation and regulation is​ a ⁣continuous process‌ that requires ongoing dialogue and adaptability. ⁢The future ‌of AI depends on ⁢our ability to ​navigate‍ these challenges‌ responsibly and collaboratively.

For more insights, read the full articles on the World Economic⁣ Forum website.

Read ⁤more about Davos 2024: 360° on AI Regulations

Read more about⁣ AI adopted by over ‌a third of EU​ companies

Read more about What the EU is doing to foster human-centric‍ AI

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