EU AI Act Poised to Set Global Standard for AI Regulation

The European Union (EU) is making significant strides in the realm of artificial intelligence (AI) regulation, with the proposed EU AI Act poised to become a global model for AI governance. This was revealed by Brando Benifei, a prominent EU lawmaker and one of the key contributors to the bloc’s AI regulations, during a recent interview at the Reuters NEXT conference in New York.

The EU has been at the forefront of drafting comprehensive AI rules aimed at establishing an international standard for this transformative technology, which is increasingly permeating every industry and business. The proposed regulations could be ratified as early as next month.

“We have developed a risk framework which, though less compulsory than the EU’s, could serve as a template for other applications around the world,” Benifei explained. This statement came amidst discussions at the conference emphasizing the need for robust AI regulations to mitigate potential threats to society and democracy.

The United States has also been exploring legislative measures to address potential harm that could be caused by AI. Concerns include the impact of AI on electoral processes. In response, President Joe Biden has issued an executive order mandating that developers of high-risk AI systems share safety test results with the U.S. government before public release.

Liz O’Sullivan, a member of the National AI Advisory Committee advising on U.S. AI strategy, highlighted that AI is primarily conservative rather than creative, tending to replicate familiar scenarios, including biases. She suggested that potential AI regulations could encompass audits by external stakeholders, risk impact assessments, and controls such as the ability to deactivate AI.

The latest ai news also reported that Britain recently released a document dubbed the “Bletchley Declaration,” agreed upon by 28 countries, including the U.S. and China. This declaration is aimed at enhancing global cooperation on AI safety. Last month, the Group of Seven (G7) wealthy nations agreed on a voluntary code of conduct for companies developing advanced AI, marking a significant milestone in AI governance amid growing privacy and security concerns.

Benifei further elaborated, “We are aligned with many issues that are part of the voluntary commitments we see worldwide, including in the U.S. However, we have codified these into law, making them more than just voluntary commitments.”

The EU lawmaker emphasized the importance of developing a common language to tackle higher-level challenges in AI development, such as the risk of AI being weaponized. This highlights the importance of AI tools such as AI images generator, AI text generator, and AI video generator being used responsibly and ethically.

In conclusion, the EU AI Act could potentially serve as a global blueprint for AI regulation, setting the stage for more harmonized and effective governance of artificial intelligence generated images, texts, videos, and other applications. As the world increasingly embraces AI technology, it is crucial that regulatory frameworks keep pace to ensure its safe and beneficial use for all.