EU Sets Stage for Groundbreaking AI Regulatory Law
For the first time ever, an agreement has been reached on a law to regulate artificial intelligence (AI) on a global scale. After two years of negotiations, the European Union (EU) has prepared the groundbreaking ‘Artificial Intelligence Regulation Act (AI ACT)’. This legislative move comes as the era of AI becomes increasingly widespread, with the recent development of ChatGPT in November last year.
Crucial Agreement Reached in Marathon Meeting
The European Commission (EC), European Parliament, and representatives of 27 EU member states came to an agreement on the ‘AI Regulation Act’ after a grueling 37-hour meeting in Brussels, Europe. This unprecedented law notably includes specific actions that are prohibited from using AI, such as the ‘collection of facial recognition data’ and the ‘implementation of a social surveillance system using AI’.
Moreover, it mandates that ‘high risk AI’ and ‘general artificial intelligence’ must be clearly defined and reported, with violators facing hefty fines of up to 35 million euros or 7% of global sales.
Timeline for Implementation and Regulatory Oversight
If approved by the European Parliament and Commission, the AI regulatory law is set to take full effect in two years. The EU plans to establish national and pan-European regulators to monitor and enforce the regulations on AI.
EU Commission President Ursula von der Leyen hailed the law as a “historic moment,” emphasizing its focus on ensuring the security and fundamental rights of both individuals and businesses. She also highlighted the importance of promoting the development and adoption of responsible AI in the EU.
Impact on European AI Start-ups
While the new regulations aim to rein in the dominance of American Big Tech in the AI industry, they are also expected to provide a boost to AI-related start-ups in Europe. Despite the current industry landscape being largely led by major US tech companies, European startups such as Mistral and Aleph Alpha are making strides in the AI field by developing their own Big Language Model (LLM) AI.
EU prepares agreement on AI regulatory law
Analysis to check US Big Tech
◆ The world’s first AI regulatory law ◆
For the first time in the world, an agreement has been reached on a law to regulate artificial intelligence (AI). This is because the European Union (EU) has prepared an agreement on the ‘Artificial Intelligence Regulation Act (AI ACT)’ two years after the start of negotiations.
With the era of AI popularization approaching as productive AI has increased since the launch of ChatGPT in November last year, there is analysis that the EU has hastily drawn a regulatory sword in order to keep a check on American Big Tech, which leads the field. .
Legislators vote in the European Parliament [EPA = 연합뉴스]
The European Commission (EC), European Parliament, and representatives of 27 EU member states agreed on the ‘AI Regulation Act’ on the 8th (local time) after a marathon meeting that lasted over 37 hours in Brussels, Europe.
The biggest significance of this law is that it specifically states actions that should not use AI. For example, the ‘collection of facial recognition data’ and the ‘implementation of a social surveillance system using AI’, which have been implemented indiscriminately, have been banned. It also included a provision requiring ‘high risk AI’ and ‘general artificial intelligence’ which must be subject to government regulation to be clearly defined and reported.
If this is breached, companies must pay a fine of up to 35 million euros (about 49.7 billion won), or 7% of global sales.
The AI regulatory law will have to be approved by the European Parliament and Commission. It will take two years after approval to take full effect, after which the EU plans to create national and pan-European regulators to regulate AI.
After the agreement, EU Commission President Ursula von der Leyen said, “The EU AI law is the world’s first comprehensive legal framework on artificial intelligence and is a historic moment,” adding, “This law guarantees security and fundamental rights of people and companies “We will support the development, use and adoption of human-centred, transparent and responsible AI in the EU.”
Meanwhile, there are comments that such regulations will buy time for AI-related start-ups in Europe. In the cutting-edge AI field, while large American technology companies lead the global industry based on their immense technological prowess, startups Mistral in France and Aleph Alpha in Germany are catching up by creating their Big Language Model ( LLM) AI themselves based on Big Language Models. . Cause.
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