Index Investing News
Saturday, December 27, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

EU lawmakers aim for common position on draft AI rules by early March By Reuters

by Index Investing News
February 6, 2023
in Markets
Reading Time: 2 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


© Reuters.

By Supantha Mukherjee and Foo Yun Chee

STOCKHOLM/BRUSSELS (Reuters) – EU lawmakers hope to agree on draft artificial intelligence rules next month, with the aim of clinching a deal with EU countries by the end of the year, one of the legislators steering the AI Act said.

The European Commission proposed the AI rules in 2021 in an attempt to foster innovation and set a global standard for a technology, used in everything from self-driving cars and chatbots to automated factories, currently led by China and the United States.

“We are still in good time to fulfil the overall target and calendar that we assumed in the very beginning, which is to wrap it up during this mandate,” Dragos Tudorache, member of the European Parliament and co-rapporteur of the EU AI Act, told Reuters.

“It took slightly longer than I initially thought,” he said. “This text has seen a level of complexity that is even higher than the typical Brussels complex machinery.”

The proposed legislation has drawn criticism from lawmakers and consumer groups for not fully addressing risks from AI systems, but the companies involved have warned that stricter rules could stifle innovation.

Intense debate over how AI should be governed led several experts to predict that the draft legislation might hit a bottleneck and get delayed.

“There are a few loose ends for all the political families. I told them in the last meeting that you know you have success in a compromise when everyone is equally unhappy,” he said. “Some people will say this is optimistic… I am hoping it will happen.”

One of the areas of contention is the definition of “General Purpose AI”, which some believe should be considered as high risk while others point to the risks posed by popular chatbot ChatGPT as an area that needs more regulatory scrutiny.

“During this year alone, we are going to see some exponential leaps forward not only for ChatGPT but for a lot of other general purpose machines,” he said, adding that the lawmakers were trying to write some basic principles on what makes general purpose such a distinct type of AI.

ChatGPT can generate articles, essays, jokes and even poetry in response to prompts. OpenAI, a private company backed by Microsoft Corp (NASDAQ:), made it available to the public for free in November.

EU industry chief Thierry Breton has said new proposed artificial intelligence rules will aim to tackle concerns about the risks around ChatGPT.

Critics of regulatory over-reach however said such a move could lead to increased costs and more compliance pressure for companies, throttling innovation. 

“I think if that will be the effect of this Act, then we will be severely missing our objective. And we haven’t done our jobs if that’s what’s going to happen,” Tudorache said.



Source link

Tags: AimCommonDraftearlyLawmakersMarchPositionReutersRules
ShareTweetShareShare
Previous Post

Inside world’s loneliest McDonald’s abandoned on Netflix Pirate Gold island with old menu & jaw-dropping 1990s prices

Next Post

Behavioral Economics: Method, Norms, and Policy

Related Posts

Citadel to return  billion in profit to investors, source says

Citadel to return $5 billion in profit to investors, source says

by Index Investing News
December 26, 2025
0

Citadel plans to return about $5 billion in profits earned in 2025 back to investors at the beginning of next...

How We Realized to Begin Liking MongoDB Inventory

How We Realized to Begin Liking MongoDB Inventory

by Index Investing News
December 22, 2025
0

Our easy classification system for disruptive know-how shares makes use of three labels. Both we’re holding a inventory (holding), we’d...

Did the SEC Chair Simply Admit That Tokenization is Inevitable?

Did the SEC Chair Simply Admit That Tokenization is Inevitable?

by Index Investing News
December 14, 2025
0

Earlier this week, a publish on X made it sound just like the Chairman of the Securities and Alternate Fee (SEC), Paul...

Lennar (LEN) Earnings Preview: Decrease income and earnings anticipated for This fall 2025

Lennar (LEN) Earnings Preview: Decrease income and earnings anticipated for This fall 2025

by Index Investing News
December 10, 2025
0

Shares of Lennar Company (NYSE: LEN) fell over 2% on Tuesday. The inventory has dropped 14% up to now three...

Tokenized shares provide new alternatives for traders, however carry distinctive dangers

Tokenized shares provide new alternatives for traders, however carry distinctive dangers

by Index Investing News
December 6, 2025
0

Tokenized shares are gaining floor as a approach for unusual individuals to entry funding alternatives lengthy reserved for top net-worth...

Next Post
Behavioral Economics: Method, Norms, and Policy

Behavioral Economics: Method, Norms, and Policy

From Here to Serenity: How Public Choice Makes Me Less Cynical

From Here to Serenity: How Public Choice Makes Me Less Cynical

RECOMMENDED

Ex-USC QB Miller Moss headed to Louisville

Ex-USC QB Miller Moss headed to Louisville

December 15, 2024
Broker Spotlight: Robert Dankner, Prime Manhattan Residential  

Broker Spotlight: Robert Dankner, Prime Manhattan Residential  

October 27, 2022
Rangers could unearth surprise replacement after Balogun injury

Rangers could unearth surprise replacement after Balogun injury

February 4, 2024
The Subsequent Cryptocurrency Halvings: What You Want To Know | by Pantera | The Capital | Aug, 2022

The Subsequent Cryptocurrency Halvings: What You Want To Know | by Pantera | The Capital | Aug, 2022

August 14, 2022
Don’t Screen for Cancer – Econlib

Don’t Screen for Cancer – Econlib

September 16, 2023
Climate Trace: Tracking Emissions – The Big Picture

Climate Trace: Tracking Emissions – The Big Picture

November 20, 2022
Who will be the NBA MVP?

Who will be the NBA MVP?

October 18, 2022
5 Issues That Ought to Matter Extra to Traders Than Curiosity Charges

5 Issues That Ought to Matter Extra to Traders Than Curiosity Charges

October 26, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In