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. "We've seen this in the data space , we've seen this now in the platform space, and now with the AI space," Constantijn added.
The law takes a risk-based approach to artificial intelligence, meaning that different applications of the tech are treated differently depending on their risk level. But the EU's Ai Act requires even stricter scrutiny for high-impact, general-purpose AI models that could pose "systemic risk," such as OpenAI's GPT-4 — including thorough evaluations and compulsory reporting of any "serious incidents."
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Source: NBCNewYork - 🏆 270. / 63 Read more »