Prince Constantijn of the Netherlands told CNBC that Europe risks limiting its role in artificial intelligence to being a regulator, rather than an innovator.
"Our ambition seems to be limited to being good regulators," Constantijn told CNBC in an interview on the sidelines of the Money 20/20 fintech conference in Amsterdam earlier this month. Officials are concerned by how quickly the technology is advancing and risks it poses around jobs displacement, privacy, and algorithmic bias.
All generative AI systems would have to make it possible to prevent illegal output, to disclose if content is produced by AI and to publish summaries of the copyrighted data used for training purposes. "It's good to have guardrails. We want to bring clarity to the market, predictability and all that," he told CNBC earlier this month on the sidelines of Money 20/20."But it's very hard to do that in such a fast-moving space."