EU lawmakers are set to approve a draft artificial intelligence (AI) regulation in March. Lawmakers are aiming to reach a deal with EU countries by the end of the year. Reuters said one member of parliament.

Also Read: Google’s AI Bard Takes on ChatGPT

In 2021, the European Commission will launch a new grant, aimed at fostering innovation and setting global standards for technology, targeting areas currently dominated by China and the United States, such as self-driving cars, chatbots and automated factories. Announced AI regulations.

MEP and EU AI Co-Rapporteur Dragos Tudrache said: “We still have plenty of time to meet the overall goals and timelines we originally envisaged. It will be completed,” he said. activity.

Concern about potential risks

It was planned a year ago and the delay in approval has sparked criticism and skepticism as lawmakers were accused of not taking AI risks seriously. But companies involved in the industry say such laws could stifle innovation.

“It took a little longer than we originally thought, and the text shows an even higher level of complexity than the typical Brussels complex machine,” said Tudorache.

Discussions have included the definition of “general-purpose AI”, which some consider to be risky, while others call for tighter regulations on chatbots like ChatGPT due to potential risks.

“This year alone, we will see an exponential leap forward not only in ChatGPT, but in many other general-purpose machines. Such a peculiar type of AI.

ChatGPT hits the spotlight

Draft AI regulations were introduced last year, but ChatGPT’s popularity has forced lawmakers to put it on their priority list. ChatGPT he just launched in November and in two months he made history by reaching 100 million users.

EU industry leader Thierry Breton said the risks posed by ChatGPT and AI systems underscore the urgent need for rules.

“As ChatGPT has shown, AI solutions can offer great opportunities for businesses and citizens, but they can also pose risks. That is why we need a strong regulatory framework for Said Breton.

Breton seeks help from developers of OpenAI and high-risk AI systems to ensure compliance with the proposed AI law.

This deliberate AI regulation law aims to address concerns such as those raised by the introduction of ChatGPT.

“I think we would lose a lot of purpose if that was going to be the effect of this law. If that was about to happen, we would be out of business,” Tudrash said.

But critics of the legislature say such a move could lead to increased costs and more compliance pressure on companies, stifling innovation.

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