AI Act Negotiations Result in Half-Baked EU Deal
"the outcome seems to indicate that future-proof AI legislation was sacrificed for a quick deal" and "is likely to slow down innovation in Europe."
"This could lead to an exodus of European AI companies and talent seeking growth elsewhere," asserted the CCIA.
CCIA members represent a who's who of internet services, names like Amazon, Apple, Cloudflare, Intel, Google, Samsung, and Red Hat.
The Commission's description of the Act outlines a tiered risk management system, with different AIs categorized by their impact on rights.
https://ec.europa.eu/commission/presscorner/detail/en/IP_23_6473
The Act will also require labelling of deepfakes and AI generated content, while chatbot users must be made aware they are conversing with a machine.
Meanwhile, foundational models used in AI that require training upwards of 1025 flops will face additional regulation in 12 months' time.
meanwhile
since it will take a further 2yrs before the act actually is worth anything other than words and back slaps for politicians
To bridge the transitional period before the Regulation becomes generally applicable, the Commission will be launching an AI Pact. It will convene AI developers from Europe and around the world who commit on a voluntary basis to implement key obligations of the AI Act ahead of the legal deadlines.
https://digital-strategy.ec.europa.eu/en/policies/ai-pact