The article discusses the contrasting approaches to AI regulation between Canada, which is moving towards stronger oversight, and the U.S., where deregulation is being promoted. It emphasizes the risks associated with unregulated AI in financial markets, such as increased inequality and the potential for systemic collapse.
A coalition of journalists, publishers, and film industry leaders has expressed strong opposition to the latest draft of the EU’s AI Act regulations, arguing that it fails to protect copyright holders’ rights. They warn that the proposed “code of practice” undermines the essential safeguards necessary for authors and creators against the misuse of their content by AI companies.
The European Union is defining standards for artificial intelligence, a complex process involving various stakeholders, committees, and both industry-agnostic and sector-specific rules. Challenges include tight deadlines, dominance of large corporations in standard-setting, unjustifiable costs, and difficulties in turning standards into actionable steps. The EU AI Act relies on these standards, but delays and concerns about implementation could hinder AI providers’ ability to deploy safe and compliant systems, especially for smaller organizations. This landscape demands careful consideration to avoid stifling innovation and creating competitive disadvantages in the EU AI ecosystem.
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