- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-04-18T20:09:00
The European Union’s draft law to regulate artificial intelligence (AI) must be updated to include overarching controls on chatbots like ChatGPT, a group of European Parliament members wrote in an open letter shared Monday.
The European Union has been out front globally in its effort to regulate AI. It was expected the AI Act, which was proposed by the European Commission in 2021 and has been under debate since, would be voted on in the coming months.
But the act was written before the release of ChatGPT by OpenAI in November and other generative AI tools, which can masquerade as human intelligence and converse with adults and children.
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2024-10-17T16:22:00Z By Neil Hodge
Concerns about how robustly European member states may enforce the EU AI Act, which took effect on Aug. 1, are divided between if regulators will take a “light touch” approach or a sledgehammer for noncompliance. One thing’s for sure, the pace of AI innovation will make enforcement very difficult.
2023-05-19T20:27:00Z By Adrianne Appel
It is a good idea to regulate artificial intelligence programs like ChatGPT, the chief executive officer of the popular chatbot’s developer told lawmakers.
2023-04-28T19:08:00Z By Kyle Brasseur
ChatGPT restored access for Italian users after changes to its privacy controls were welcomed by the country’s data protection authority.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
2025-03-24T15:47:00Z By Aaron Nicodemus
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
2025-03-19T13:00:00Z By Aaron Nicodemus
Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.
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