Berliner Boersenzeitung - EU seeks agreement on world's first AI law

EUR -
AED 4.291301
AFN 76.915727
ALL 96.382568
AMD 442.521799
ANG 2.09167
AOA 1071.510207
ARS 1679.99675
AUD 1.761666
AWG 2.103291
AZN 1.985651
BAM 1.952367
BBD 2.339416
BDT 141.930407
BGN 1.954992
BHD 0.440453
BIF 3434.51898
BMD 1.168495
BND 1.505678
BOB 8.025886
BRL 6.394356
BSD 1.161482
BTN 104.422707
BWP 15.47199
BYN 3.374052
BYR 22902.504588
BZD 2.336032
CAD 1.614486
CDF 2606.912945
CHF 0.934533
CLF 0.027517
CLP 1079.49053
CNY 8.254952
CNH 8.251235
COP 4487.465335
CRC 571.906504
CUC 1.168495
CUP 30.965121
CVE 110.071433
CZK 24.255858
DJF 206.830701
DKK 7.468682
DOP 74.810043
DZD 151.854123
EGP 55.624919
ERN 17.527427
ETB 180.923806
FJD 2.654592
FKP 0.877431
GBP 0.87435
GEL 3.143247
GGP 0.877431
GHS 13.333552
GIP 0.877431
GMD 85.884033
GNF 10103.405493
GTQ 8.891364
GYD 243.002665
HKD 9.089899
HNL 30.592855
HRK 7.532937
HTG 152.095135
HUF 382.919352
IDR 19484.890026
ILS 3.773421
IMP 0.877431
INR 105.635757
IQD 1521.537308
IRR 49222.857235
ISK 148.59763
JEP 0.877431
JMD 186.254851
JOD 0.828503
JPY 182.351259
KES 150.972959
KGS 102.18508
KHR 4653.895505
KMF 493.104743
KPW 1051.641746
KRW 1720.912558
KWD 0.358541
KYD 0.967894
KZT 602.168474
LAK 25188.596578
LBP 104010.34658
LKR 358.667727
LRD 205.002123
LSL 19.742597
LTL 3.450262
LVL 0.706812
LYD 6.321019
MAD 10.735122
MDL 19.774141
MGA 5185.946777
MKD 61.53
MMK 2454.480069
MNT 4147.405118
MOP 9.309608
MRU 46.320534
MUR 53.832784
MVR 17.992928
MWK 2014.083969
MXN 21.280863
MYR 4.800171
MZN 74.678917
NAD 19.742597
NGN 1690.169388
NIO 42.745561
NOK 11.823523
NPR 167.077758
NZD 2.016618
OMR 0.449282
PAB 1.161458
PEN 3.904933
PGK 4.928417
PHP 69.156798
PKR 328.329039
PLN 4.230017
PYG 7914.251645
QAR 4.233954
RON 5.089729
RSD 117.448913
RUB 91.434737
RWF 1690.548771
SAR 4.384899
SBD 9.617407
SCR 16.796905
SDG 702.852938
SEK 10.842607
SGD 1.513207
SHP 0.876674
SLE 28.169561
SLL 24502.756498
SOS 662.643209
SRD 45.123798
STD 24185.490051
STN 24.457409
SVC 10.163084
SYP 12919.862225
SZL 19.735716
THB 37.148832
TJS 10.743798
TMT 4.101418
TND 3.413996
TOP 2.813456
TRY 49.797521
TTD 7.876116
TWD 36.508507
TZS 2862.79904
UAH 49.171959
UGX 4146.707769
USD 1.168495
UYU 45.51995
UZS 13941.423525
VES 301.01169
VND 30786.925492
VUV 142.463777
WST 3.257541
XAF 654.813877
XAG 0.018926
XAU 0.000278
XCD 3.157917
XCG 2.093337
XDR 0.814378
XOF 654.819471
XPF 119.331742
YER 278.715271
ZAR 19.830876
ZMK 10517.865893
ZMW 27.010847
ZWL 376.254956
  • SCS

    0.0200

    16.14

    +0.12%

  • JRI

    0.0190

    13.72

    +0.14%

  • NGG

    -0.2500

    74.64

    -0.33%

  • RELX

    0.5400

    40.08

    +1.35%

  • CMSD

    0.0600

    23.28

    +0.26%

  • BCC

    5.0100

    77.01

    +6.51%

  • CMSC

    0.0600

    23.3

    +0.26%

  • RBGPF

    3.1200

    81.17

    +3.84%

  • BCE

    0.0400

    23.19

    +0.17%

  • RYCEF

    0.1400

    14.74

    +0.95%

  • VOD

    0.0600

    12.56

    +0.48%

  • RIO

    1.8400

    76.24

    +2.41%

  • GSK

    1.1400

    48.41

    +2.35%

  • BTI

    1.4700

    58.76

    +2.5%

  • AZN

    1.6900

    91.51

    +1.85%

  • BP

    0.3300

    35.88

    +0.92%

EU seeks agreement on world's first AI law
EU seeks agreement on world's first AI law / Photo: Kirill KUDRYAVTSEV - AFP/File

EU seeks agreement on world's first AI law

The European Union will seek to thrash out an agreement on sweeping rules to regulate artificial intelligence on Wednesday, following months of difficult negotiations in particular on how to monitor generative AI applications like ChatGPT.

Text size:

The EU is racing to approve the world's first comprehensive AI law after the issue took on greater urgency when the ChatGPT bot burst onto the scene last year, highlighting AI's dizzying advances.

ChatGPT wowed with its ability to produce poems and essays within seconds from simple user prompts.

AI proponents say the technology will benefit humanity, transforming everything from work to healthcare, but others worry about the risks it poses to society, fearing it could thrust the world into unprecedented chaos.

Brussels is bent on bringing big tech to heel with a powerful legal armoury to protect EU citizens' rights, especially those covering privacy and data protection.

The European Commission, the EU's executive arm, first proposed an AI law in 2021 that would regulate systems based on the level of risk they posed. For example, the greater the risk to citizens' rights or health, the greater the systems' obligations.

Negotiations on the final legal text began in June, but a fierce debate in recent weeks over how to regulate general-purpose AI like ChatGPT and Google's Bard chatbot threatened talks at the last minute.

Negotiators from the European Parliament and EU member states began discussions on Wednesday and the talks were expected to last into the evening.

Some member states worry that too much regulation will stifle innovation and hurt the chances of producing European AI giants to challenge those in the United States, including ChatGPT's creator OpenAI as well as tech titans like Google and Meta.

Although there is no real deadline, senior EU figures have repeatedly said the bloc must finalise the law before the end of 2023.

- Chasing local champions -

EU diplomats, industry sources and other EU officials have warned the talks could end without an agreement as stumbling blocks remain over key issues.

Others have suggested that even if there is a political agreement, several meetings will still be needed to hammer out the law's technical details.

And should EU negotiators reach agreement, the law would not come into force until 2026 at the earliest.

The main sticking point is over how to regulate so-called foundation models -- designed to perform a variety of tasks -- with France, Germany and Italy calling to exclude them from the tougher parts of the law.

"France, Italy and Germany don't want a regulation for these models," said German MEP Axel Voss, who is a member of the special parliamentary committee on AI.

The parliament, however, believes it is "necessary... for transparency" to regulate such models, Voss said.

Late last month, the three biggest EU economies published a paper calling for an "innovation-friendly" approach for the law known as the AI Act.

Berlin, Paris and Rome do not want the law to include restrictive rules for foundation models, but instead say they should adhere to codes of conduct.

Many believe this change in view is motivated by their wish to avoid hindering the development of European champions -- and perhaps to help companies such as France's Mistral AI and Germany's Aleph Alpha.

- 'Not scared to walk away' -

Another sticking point is remote biometric surveillance -- basically, facial identification through camera data in public places.

The EU parliament wants a full ban on "real time" remote biometric identification systems, which member states oppose. The commission had initially proposed that there could be exemptions to find potential victims of crime including missing children.

There have been suggestions MEPs could concede on this point in exchange for concessions in other areas.

Brando Benifei, one of the MEPs leading negotiations for the parliament, said he saw a "willingness" by everyone to conclude talks.

But, he added, "we are not scared of walking away from a bad deal".

France's digital minister Jean-Noel Barrot said it was important to "have a good agreement" and suggested there should be no rush for an agreement at any cost.

"Many important points still need to be covered in a single night," he added.

Concerns over AI's impact and the need to supervise the technology are shared worldwide.

US President Joe Biden issued an executive order in October to regulate AI in a bid to mitigate the technology's risks.

burs-raz/rmb/rl

(T.Burkhard--BBZ)