European AI Act Tackles Risks and Promotes Responsibility in Artificial Intelligence Usage

The Artificial Intelligence Law Creates Disparities Between Well-Resourced Companies and Open-Source Users

The European standard AI Act has recently approved the regulation of artificial intelligence (AI), with the aim of ensuring that any AI system used in the EU or affecting its citizens is subject to regulations. This law will gradually apply to all suppliers, implementers, or importers and creates a divide between large companies and smaller entities. Smaller entities that lack the capacity to evaluate their systems will have regulatory test environments to develop and train innovative AI before market introduction.

IBM highlights the importance of developing AI responsibly and ethically, emphasizing that this is necessary to ensure safety and privacy for society. Various multinational companies, including Google and Microsoft, agree that regulation is needed to govern AI usage. The focus is on developing AI technologies with positive impacts on communities while mitigating risks and complying with ethical standards.

Open-source AI tools offer many benefits in diversifying contributions to technology development. However, there are concerns about their potential misuse if not properly regulated. IBM warns that many organizations may not have established governance to comply with regulatory standards for AI. Open-source tools can pose risks such as misinformation, prejudice, hate speech, and malicious activities if not properly regulated.

Defenders of cybersecurity are leveraging AI technology to enhance security measures against potential threats. While attackers are experimenting with AI in activities like phishing emails and fake voice calls, they have not yet utilized it on a large scale to create malicious code. The ongoing development of AI-powered security engines gives defenders an edge in combating cyber threats by maintaining a balance between transparency and security measures.

Overall, the approval of the European standard AI Act marks an important step towards responsible use of artificial intelligence technology while mitigating risks associated with its widespread accessibility.

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