Artificial Intelligence is an enormous gift from the world of technology to mankind. However, this boon can turn into a bane if not regulated in the right manner. Here comes the very first law revolving around AI, brought by the European Union.
The main issue is that the first draft of the law was written in early 2021, almost two years before the launch of OpenAI s ChatGPT, one of the fastest-growing software applications in history. Lawmakers have scrambled to write regulations even as companies like Microsoft-based OpenAI continue to discover new uses for their technology.
EU lawmakers had gotten input from thousands of experts for three years about AI, when the topic was not even on the table in other countries. The result was a "landmark" policy that was "future-proof," declared Margrethe Vestager, EU s head of digital policy. Then came ChatGPT.
The 27-nation bloc s Artificial Intelligence Act has been hailed as a pioneering rulebook. But with time running out, it s uncertain if the EU s three branches of government can thrash out a deal Wednesday in what officials hope is a final round of talks.