If it moves, tax it. If it keeps moving, regulate it. GenAI keeps moving and the regulations are a comin.
Recommended Reading
The proposed Critical Algorithmic System Classification (CASC) is a new legal designation that, through the federal rulemaking process, will enable federal agencies to set and enforce rules over qualifying ADSs. The CASC would empower covered federal agencies to set and enforce rules over qualifying ADSs, by demonstrating that a category of ADS meets the legal criteria for the CASC, and in doing so, could set and enforce standards for the commercial use of that type of CASC system. The CASC approach is a novel and potentially impactful approach to enabling the comprehensive governance of ADSs through sectoral regulatory agencies and application-specific rulemaking.
The extent to which generative AI will impact the legal market and broader economy will come down to not only what it is capable of, but also how and whether it can operate within the legal and regulatory frameworks of the day.
Big Tech is going to have to live with more regulation but … regulators have to be wary about killing the goose that laid the golden egg, said University of Michigan law professor Daniel Crane.
Technology leaders can mitigate AI risk by addressing eight areas of interest in the FTC request to OpenAI about ChatGPT.
Global data protection authorities caution social media firms on data-scraping due to rising AI training demand; companies must balance interests with regulatory compliance.
The EU has given its final approval for the world's first artificial intelligence laws. These laws aim to regulate the use of AI and ensure ethical and responsible practices. The article provides more details on the topic.
The Europe Union is introducing “crash test” systems for artificial intelligence to ensure new innovations are safe before they hit the market.
The US warns EU AI law benefits big tech, citing vague provisions. Concerns focus on compliance costs, productivity, and migration of jobs.
Foley & Lardner partner Louis Lehot said Big Tech wants to help lessen worries about AI's downsides, but without getting stuck with some type of legislation or regulation that doesn't make any sense or that crushes it.
The tech community is divided over the regulation of artificial intelligence, particularly large language models. A venture capital industry group released guidelines on responsible AI, while another group of investors and tech leaders, including Marc Andreessen and Yann LeCun, opposed them.
The article discusses the regulatory approaches that worry AI innovators. It highlights their concerns about regulations that could stifle innovation and lists their perceived worst-case scenarios. The article also mentions the benefits of a digital membership to access more content.