On the way to responsible AI: The new law in focus

The European Union has taken a groundbreaking step by passing legislation to regulate artificial intelligence (AI) for the first time. The recently passed Artificial Intelligence Act (AI Act) adopts a risk-based approach aimed at ensuring that companies release their products in compliance with the law before making them accessible to the public. This move is part of a broader trend where Europe has been increasingly issuing rules and warnings to tech companies, particularly since the introduction of ChatGPT.

The AI Act focuses on various risks associated with AI, including AI hallucinations, deepfakes, and automated manipulation of AI that could mislead voters in elections. However, some argue that the law doesn't go far enough and imposes additional constraints on companies. In particular, regulation of monopolies in the tech sector is a topic of controversy, with concerns that the law may not effectively curb the extreme power of dominant tech firms.

While some startups welcome the clarity and framework provided by the law, others fear it could create additional regulatory barriers that favor American and Chinese companies, hindering competition. Implementing the AI Act and monitoring its enforcement now pose the next challenge.

Additionally, there are discussions about the classification of AI systems and whether they should be considered high-risk, especially those used in the information space. Some argue that AI should be considered a public good and not solely controlled by private companies.

Emphasizing the importance of effective implementation and enforcement of the law, attention is also needed for complementary legislation such as the AI Liability Directive, which aims to support liability claims for damages caused by AI-enabled products and services, and the establishment of the EU AI Office, which aims to streamline rule enforcement. source

What is your opinion about it? Is it good that AIs also have to adhere to rules and laws or does that limit the potential too much?

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