⚡️EMERGENCY EPISODE⚡️ What you need to know about the EU Regulations on AI
Last Tuesday, the upcoming EU regulations on AI were leaked. Haven’t had a chance to have a look? Not to worry, Charles Radclyffe joins us to discuss what you need to know about the regulations.
Although we’re all getting excited about the upcoming EU regulations, Charles made an important point to remember that these draft regulations may change this Wednesday (21st April) and that it will take around five years before it comes into law. These regulations will be taken to the EU Parliament to place into law from the EU Commission. However, between then, we can expect companies affected by these acts to lobby against it.
‘Manipulative’ AI is banned. This might cause some confusion, as some ‘manipulative’ AI is ‘good’. A manipulative algorithm might be helpful when online shopping, yet detrimental to an online shopping addict. However, this is an important step as it establishes red-lines
The EU regulations also bought forward what AI needs. Many factors are those which have been spoken about on the podcast:
- High-quality datasets
- Record keeping
- Human oversight
- Lifecycle of products
Charles believes that two factors that we should take away from these factors is quality and risk management. Diving into risk management, Charles suggests there needs to be discussions about what could go wrong, the severity, and to record these issues. Whilst these are things we should all be doing anyway. Hopefully, the regulations will bring in more structure about these processes.
The EU regulations also encourage low-risk technologies to have a code of conduct, which is best practice. Charles explains that the team at EthicsGrade were hoping for something more robust, a labelling/ratings system. However, most organisations will be looking to differentiate themselves against those that follow the minimum, therefore, a positive step forward.
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