Live Markets, Charts & Financial News

EU consumer protection groups urge governments to investigate AI

0 48

Consumer protection groups from the European Union (EU) have urged regulators to launch investigations into the artificial intelligence (AI) models behind popular chatbots.

according to a report From the Associated Press on Tuesday, 13 watchdog groups issued a warning to national consumer, data protection, competition and product safety authorities regarding concerns about generative AI.

The groups said regulators should investigate the artificial intelligence behind systems, such as OpenAI’s ChatGPT, in order to assess risks and vulnerabilities to consumers before introducing EU AI regulation.

In addition to domestic officials in the European Union, the coalition has written to US President Joe Biden with similar concerns about potential harm to consumers at the hands of generative AI.

Their call to action urged leaders to take advantage of existing legislation, as well as enact new laws to address AI concerns. They cited a report from the Norwegian Consumer Council highlighting the dangers of intelligent chatbots, which include misinformation, data harvesting and manipulation.

Related: Artificial intelligence has a ‘symbiotic relationship’ with blockchain: Animoca Brands CEO

The warnings come shortly after EU regulators passed their massive AI law on June 14. The bill passed in Parliament by 499 votes in favour, 28 against and 93 abstentions.

The laws are expected to enter into force within two to three years, after individual negotiations with EU member states on the details of the law. It will serve as a comprehensive set of rules for the development and deployment of artificial intelligence in the European Union.

In the United States, officials are also considering regulations targeting AI. On June 9, two new bipartisan bills targeting transparency and innovation issues in the industry were proposed.

UK regulators have called for regulations around AI to be on the same level as medicine and nuclear energy.

magazine: AI eye: 25k traders bet on stock picks in ChatGPT, AI sucks on dice rolls, and more