Fun

Tech firms pen letter to EU requesting more time to comply with AI Act

News Feed - 2024-08-09 09:08:14

Savannah Fortis11 hours agoTech firms pen letter to EU requesting more time to comply with AI ActTech companies release a joint letter requesting more time from the EU to comply with AI Act requirements, citing challenges due to the summer recess.925 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onA group of organizations in the tech industry released a joint letter addressed to the European Commission requesting to extend compliance deadlines on general-purpose artificial intelligence (GPAI). 


On Aug. 9, the organizations — including DOT Europe, The Software Alliance, AmChamEU and the Computer & Communications Industry Association — asked for more time due to the summer recess.Compliance concerns


The companies said the current time of year “poses significant challenges and limits the ability of [their] associations to provide meaningful contributions.” They proposed extending the consultation deadline for at least two more weeks to provide better results. 


Initially, the call for feedback initiated by the European Union Commission’s AI office launched on July 30 and is intended to run until Sept. 10. The consultation allows stakeholders in the industry to have their say on topics covered by the Code of Practice.


The companies said they are “mindful” of the short timeline the EU has set in place for implementing rules for GPAI models but believe “quality should prevail over speed.”“Given that the proper implementation of the AI Act’s rules on GPAI will be crucial to the success of the EU AI ecosystem, including for the companies we represent, our aim is to provide high-quality responses and constructive contributions to this consultation…”


The results of the consultation will ultimately contribute to drafting the future Code of Practice for GPAI model providers.


Related:EU Council reaches agreement on supercomputer use for AI developmentAI Act in action


The EU’s AI Act officially came into play on Aug. 1 with the goal of regulating the development and deployment of AI models within the region according to the risk they pose to society.


The first set of regulations to be expected are the “Prohibitions of Certain AI Systems,” which will start in February 2025.


These rules will prohibit AI applications from exploiting individual vulnerabilities and engage in non-targeted scraping of facial images from the internet or CCTV footage, along with the creation of facial recognition databases without consent.


Following this, general-purpose AI models will have a new set of requirements implemented in August 2025.


Regulations overseeing GPAI will come into effect in August 2025, one year after the legislation’s enforcement. GPAI systems are made to handle various tasks rather than being used for unique and specific purposes, such as image identification.


Magazine: AI bubble not over yet despite entering "trough of disillusionment": AI Eye# Europe# AI# European Union# RegulationAdd reaction

News Feed

Biggest Movers: BCH Climbs to 1-Week High, DOT Declines
Biggest Movers: BCH Climbs to 1-Week High, DOT Declines Bitcoin cash rose to a one-week high in today’s session, despite crypto markets mostly trading lower. The global cryp
Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,800, BTC Once Again Falls Under $30K
Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,800, BTC Once Again Falls Under $30K Despite a strong start to the week, bitcoin fell below $30,000 on Thursday, as crypto
SUI Price Soars Despite Overbought RSI – Can The Rally Sustain?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China
Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in ChinaThe gold industry has been shaken after it was discovered that 83 tons of fake gold bars ha
$1M bug bounty for Solana Firedancer client goes live this week
Brayden Lindrea4 hours ago$1M bug bounty for Solana Firedancer client goes live this weekFiredancer is a highly anticipated new validator client for the Solana blockchain, and its creator is calling on developers to look
Ethereum scaling ecosystem’s combined TPS hits new all-time high
Brayden Lindrea3 hours agoEthereum scaling ecosystem’s combined TPS hits new all-time highOver 41% of those transactions took place on Xai, a new Ethereum layer-3 scaling solution focused on gaming applications.1126 To
William Suberg13 hours agoBitcoin price can go ‘full bull’ next month if 200-week trendline staysBitcoin and crypto are in line for a classic breakout should multiple time-tested patterns continue, says analyst Cole
Ebay Expands Into NFT and Web3 Space With New Job Openings
Ebay Expands Into NFT and Web3 Space With New Job Openings The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT)
Litecoin Heading For Higher Levels As LTC/BTC Setup Signals Fresh Surge
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Binance marks 7th anniversary with 200M users and new campaign
Zoltan Vardai12 hours agoBinance marks 7th anniversary with 200M users and new campaignThe milestone takes Web3 closer to reaching its first billion users, according to Binance’s chief marketing officer.1970 Total view
Japanese Yen Plunges to 32-Year Low Against US Dollar — Another Intervention by Authorities Expected
Japanese Yen Plunges to 32-Year Low Against US Dollar — Another Intervention by Authorities Expected The Japanese yen’s exchange rate versus the U.S. dollar recently plunge
Biggest Movers: ALGO Nearly 10% Higher, TRX Extends Recent Gains
Biggest Movers: ALGO Nearly 10% Higher, TRX Extends Recent Gains Algorand has been a notable exception in what has been a relatively bearish start to the weekend. On Nov. 19, the t