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The CEOs of Meta and OpenAI, Mark Zuckerberg and Sam Altman respectively, have expressed their support for government regulations on artificial intelligence (AI). According to Bloomberg News, the two CEOs voiced their endorsement of state-sponsored AI guidance after discussions with European Commissioner Thierry Breton.
Breton stated that he and Zuckerberg were in alignment regarding the European Union’s (EU) AI regulations, both agreeing on the EU’s risk-based approach and measures such as watermarking. Altman also expressed his enthusiasm for collaborating with the EU on AI regulations. These discussions took place as part of Breton’s tour of tech companies, during which he noted that Meta appeared ready to comply with Europe’s new AI rules, although the company will undergo a stress test of its systems in July.
Breton had previously met with Google CEO Sundar Pichai, who also acknowledged the necessity for voluntary rules surrounding AI.
Earlier this month, the European Parliament approved a draft law called the A.I. Act, considered the world’s first comprehensive set of AI rules. The final law is expected to be approved early next year, possibly by the end of 2023.
The proposed legislation by the EU seeks to restrict certain uses of AI and categorize AI systems into four levels of risk, ranging from minimal to unacceptable. This risk-based approach will prioritize applications that pose the highest potential risks to human well-being, similar to the process of approving drugs.
Specific sectors, including critical infrastructure, education, human resources, public order, and migration management, will face stringent requirements such as transparency and accuracy in data usage for their AI systems.
Companies that fail to comply with the regulations could face fines of up to €30 million ($33 million) or 6% of their annual global revenue.
Recent reports revealed that OpenAI successfully advocated for changes to the A.I. Act, resulting in reduced regulatory burdens for the company. Notably, the company argued that its general-purpose AI systems should not be classified under the high-risk category outlined in the A.I. Act.
Moreover, there is growing potential for generative AI to empower mobile robots in various industries. With predictions from U.S. warehouse suppliers that they will face a shortage of human labor by 2024, the report highlights the opportune moment for intelligent, all-purpose robots with AI capabilities to enter the market.
The support of Meta and OpenAI CEOs for government AI regulations reflects the industry’s recognition of the need for responsible AI development and usage, as well as collaboration with regulatory bodies to ensure ethical and safe implementation.
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