Stock Market News

AI legal framework needs to promote innovation, senior Google executive says

2023.11.28 18:09

2/2

© Reuters. FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann

2/2

By Foo Yun Chee

BRUSSELS (Reuters) – Rules governing the use of artificial intelligence should support innovation, Google (NASDAQ:)’s chief legal officer Kent Walker said on Tuesday, echoing pleas by a wide swath of businesses and tech groups as the European Union races to agree AI rules next month.

EU countries and EU lawmakers are now thrashing out the final details of a draft proposal by the European Commission and aim to get a deal on Dec. 6.

One of the biggest issues is foundation models, such as OpenAI’s ChatGPT, which are AI systems that are trained on large sets of data, with the ability to learn from new data to perform a variety of tasks.

Walker said Europe should aim for the best AI rules, not the first AI rules.

“Technological leadership requires a balance between innovation and regulation. Not micromanaging progress, but holding actors responsible when they violate public trust,” he said in the text of a speech to be delivered at a European Business Summit.

“We’ve long said that AI is too important not to regulate, and too important not to regulate well. The race should be for the best AI regulations, not the first AI regulations.”

He called for hard trade-offs between security and openness, between data access and privacy, between explainability and accuracy, with proportionate, risk-based rules that build on existing regulations and give businesses the confidence they need to keep investing in AI innovation.

Business group DigitalEurope and 32 European digital associations last week warned the EU against over-regulating foundation models.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 96,746.92 2.31%
ethereum
Ethereum (ETH) $ 1,846.90 2.77%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.23 1.01%
bnb
BNB (BNB) $ 600.28 0.14%
solana
Solana (SOL) $ 150.81 2.68%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.181997 5.25%
cardano
Cardano (ADA) $ 0.710763 3.76%
tron
TRON (TRX) $ 0.245273 0.57%
staked-ether
Lido Staked Ether (STETH) $ 1,847.64 2.93%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,657.90 2.29%
sui
Sui (SUI) $ 3.65 4.90%
chainlink
Chainlink (LINK) $ 14.87 3.88%
avalanche-2
Avalanche (AVAX) $ 21.66 2.70%
stellar
Stellar (XLM) $ 0.275539 1.12%
leo-token
LEO Token (LEO) $ 9.02 0.44%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 2.74%
the-open-network
Toncoin (TON) $ 3.21 0.67%
hedera-hashgraph
Hedera (HBAR) $ 0.188689 3.07%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,215.15 2.72%
usds
USDS (USDS) $ 1.00 0.00%
bitcoin-cash
Bitcoin Cash (BCH) $ 363.62 0.60%
litecoin
Litecoin (LTC) $ 90.45 7.56%
hyperliquid
Hyperliquid (HYPE) $ 20.03 5.33%
polkadot
Polkadot (DOT) $ 4.21 2.49%
weth
WETH (WETH) $ 1,845.17 2.71%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.04%
bitget-token
Bitget Token (BGB) $ 4.39 1.21%
monero
Monero (XMR) $ 276.69 0.13%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
whitebit
WhiteBIT Coin (WBT) $ 29.28 1.13%
pi-network
Pi Network (PI) $ 0.601975 2.52%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,967.29 2.76%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 96,750.92 2.40%
pepe
Pepe (PEPE) $ 0.000009 1.14%
aptos
Aptos (APT) $ 5.54 3.43%
dai
Dai (DAI) $ 1.00 0.01%
uniswap
Uniswap (UNI) $ 5.37 0.92%
bittensor
Bittensor (TAO) $ 363.53 2.89%
near
NEAR Protocol (NEAR) $ 2.58 4.58%
okb
OKB (OKB) $ 51.74 1.20%
susds
sUSDS (SUSDS) $ 1.05 0.00%
ondo-finance
Ondo (ONDO) $ 0.918969 0.83%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
gatechain-token
Gate (GT) $ 21.84 0.61%
aave
Aave (AAVE) $ 175.09 5.81%
internet-computer
Internet Computer (ICP) $ 4.95 0.62%
ethereum-classic
Ethereum Classic (ETC) $ 16.98 2.13%
official-trump
Official Trump (TRUMP) $ 12.84 0.10%