European Union AI Regulation. Overall, a bad idea.
The EU revealed initial outlines on its new rules to control the use of technology and specifically Artificial Intelligence, and although it has been on the cards for some time, this is bound to cause some debate for a whole series of reasons. In some quarters, this will be, and currently is, beyond the debate stage and action is being taken. FANG (Facebook Amazon Netflix Google) are sitting relatively quietly and have adopted the 'keep your friends close....." strategy by the looks of things as they come to table in Brussels. One can't help feel they are not so much circling the enemy yet, rather spending the time to examine this new foe and see what it does. Looking at this with eyes wide shut, it appears to have the right sentiment behind it. Speak to anyone on the street and they will generally say the same thing ie. the machines are taking over, are we in a simulation, what happens when human lives are put at risk, or their jobs. The ethical questions will keep on rolling in and so they should; this is still a relatively new 'thing' and if the experts, scientists and think tanks are honest, no one really knows what the outcome will be. But that's an issue that in our opinion has more to do with the rate of change of exponential technological growth, a subject covered in-depth elsewhere in the site. With eyes wide open, this is a hugely poltiical move and involves sizeable ramifications financially for the tech giants in the US, China and inevitably the UK, as these rules will certainly target those groups. The EU has made some attempts to reassure, with statements that there will be a balance between ethics and technological advancement. But history does show that regulation in areas such as this generally does not work well if, as a species we are to push through the exponential envelope. That said, common sense must also prevail of course especially in repsect of extreme practices.. A cynic (or realist) might suggest this is actually only about two things; money and political power. No great shock there. The tax implications are a particularly interesting area of the new rules. But our only concern at this stage is that red tape does have a nasty habit of slowing progress, and for mankind, that's a bad idea. Are we being unduly critical? To answer that objectively, we have to start with the facts and therefore what the rules will entail. Free AI EU Rules Report.