In February of this year, an agreement was reached between the EU countries on the technical details of this act, some EU member states had already independently initiated national legislation defining the application of AI, etc.
The clear message that all this sends is that the issue is very important and decisions must be made as soon as possible, avoiding long debates over wording or the order of wording. And this question is important not only in Europe, but also in the whole world.
Resolution of the United Nations General Assembly
Artificial intelligence (AI) regulatory issues are not limited to Europe and this is an important message that shows the importance of this issue.
On March 21, the United Nations General Assembly unanimously adopted the first global resolution on artificial intelligence, calling on countries to ensure human rights, protect personal data and monitor AI for risks.
The resolution is the latest in a series of global initiatives to set guidelines for the advancement of artificial intelligence. It addresses concerns regarding the potential misuse of artificial intelligence to disrupt democratic processes, commit fraud or otherwise cause harm.
US National Security Adviser Jake Sullivan said the resolution took nearly four months to negotiate but provided the world with “a basic set of principles to guide the further development and use of artificial intelligence”.
While this document is not legally binding, it sets standards and makes it clear that initiatives related to the regulation of artificial intelligence are on the rise.
And where is Europe going?
Meanwhile, in Europe on March 13 European Union lawmakers have given final approval to the European Artificial Intelligence Act, rules aimed at regulating artificial intelligence based on a risk-based approach, which are expected to enter into force in May or June following the final formalities have been completed.
The general AI rules will start to apply one year following their entry into force (probably May 2025), and the obligations for high-risk systems three years later.
Now Europe’s biggest challenge will be to keep companies in Europe whose activities will be directly affected by the regulation of AI. This was also pointed out by Cecilia Bonefeld-Dahl, head of the EU trade organization “Digital Europe”, saying that “<...> It is expected that by 2030 the global market for artificial intelligence will reach 1.5 trillion US dollars, so we need to ensure that European companies can enter it without entangling themselves in bureaucratic obstacles.”
Lithuanian folk wisdom says “prepare the sled in the summer”, so let’s not forget that we have to start preparing for the new regulation now.
#Austė #Dimaitytė #Whats #Regulation #Business
2024-04-01 00:52:34
