EU’s Risk-Based AI Regulation: A Recipe for Disaster or a Step Towards AI Supremacy?
As of August 1, 2024, the European Union’s risk-based regulation for artificial intelligence has come into effect, setting the stage for a series of compliance deadlines that will have far-reaching implications for the AI industry. But is this new law a necessary step towards regulating the wild west of AI, or a draconian attempt to stifle innovation and creativity?
The EU’s approach is based on a tiered system, with most AI applications deemed low-risk and therefore exempt from regulation. However, a subset of high-risk AI technologies, such as biometrics and facial recognition, will be subject to strict registration and compliance requirements. Meanwhile, “limited-risk” AI technologies like chatbots and deepfakes will have to meet transparency requirements to ensure users are not deceived.
But what about the most powerful AI models, known as general-purpose AIs (GPAIs)? The EU’s approach is to take a risk-based approach, with most GPAI developers facing light transparency requirements. However, a subset of the most powerful models will be expected to undertake risk assessment and mitigation measures. But what exactly does this mean, and how will it be enforced?
The EU’s AI Office has kicked off a consultation and call for participation in the rule-making process, but the details are still unclear. Meanwhile, OpenAI, the maker of the GPT large language model, has announced that it will be working closely with the EU AI Office and other authorities to implement the new law.
But what does this mean for AI developers and users? The EU’s own primer on the AI Act warns that organizations must classify any AI systems in scope, determine their obligations, and consult with legal counsel if necessary. But is this a recipe for compliance, or a recipe for disaster?
As the AI industry continues to evolve and grow, the EU’s risk-based regulation is a step towards ensuring that AI is developed and used responsibly. But is it too little, too late? The answer remains to be seen.
Author: Kayitsi.com
