As a seasoned crypto investor with a keen interest in technology and regulations, I find myself empathizing with these tech firms seeking an extension of deadlines for complying with new AI rules. Having navigated countless regulatory changes in the dynamic world of cryptocurrencies, I can attest to the importance of thorough deliberation and consultation.
A collection of technology companies have asked the European Commission to push back the implementation dates for the fresh regulations concerning general-purpose AI (GPAI).
On August 9th, a collective letter was dispatched by entities such as DOT Europe, The Software Alliance, AmChamEU, and the Computer & Communications Industry Association, to the Commission, expressing apprehension over the tight deadline.
The letter mentions that due to the summer vacation, they found it challenging to collect comprehensive feedback about the EU’s AI regulations.
To provide a greater breadth of input, they suggested increasing the response time for consultations by a minimum of two weeks.
From July 30 until September 10, the European Union’s AI department has opened a discussion. During this timeframe, professionals in the field are invited to express their opinions regarding the forthcoming Code of Conduct for Artificial Intelligence (AI) models within the framework of GPAI.
Although the organizations agreed with the EU’s sense of urgency regarding AI regulation, they emphasized the need for accuracy and precision. They underlined the significance of prioritizing the quality of the feedback in the process.
“Since adhering to the AI Act’s guidelines regarding GPAI is vital for the thriving of the European AI industry, especially for the businesses we support, our goal is to offer insightful feedback and valuable input during this consultation process.”
The insights gained from this consultation will be instrumental in designing the future guidelines for organizations providing services under GPAI.
Starting from August 1, the European Union’s AI Act is being enacted to manage artificial intelligence based on potential risks. The initial regulations, set to ban certain AI systems, are projected to be released in February 2025. Further rules concerning General Purpose Artificial Intelligence (GPAI) will take effect in August 2025.
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2024-08-10 01:24