EU moves one step closer towards 'historic' AI rules
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00:00 MEPs in Strasbourg have given the OK to what are the world's first sweeping rules on artificial
00:05 intelligence systems.
00:07 The goal is to nurture innovation on one hand and curb potential dangers on the other.
00:14 The rules in the EU's Artificial Intelligence Act have taken on greater urgency with the
00:18 emergence of ChatGPT and fears that it will, among other things, generate misinformation
00:24 that could undermine democracy.
00:27 The EU's Artificial Intelligence Act governs any product or service that uses AI, classifies
00:33 AI system risk from minimal to unacceptable, violations would draw fines of up to 30 million
00:39 euros or 6% of a company's annual global revenue.
00:46 In the case of tech giants such as Google and Microsoft, that could amount to billions.
00:52 Among the provisions in the Act to keep AI in check, there would be a ban on systems
00:56 using biometric surveillance, emotion recognition and predictive policing to identify potential
01:03 criminal activity.
01:05 EU legislation on AI could take years to fully take effect.
01:09 To fill in the gap, Europe and the US are drafting a voluntary code of conduct.
01:13 The UN is also proposing a code.
01:16 It is warning of grave consequences if guardrails are not put in place.
01:21 The proliferation of hate and lies in the digital space is causing grave global harm
01:27 now.
01:30 It is fooling conflict, death and destruction now.
01:35 It is threatening democracy and human rights now.
01:39 The UK, meanwhile, is aiming for a position in AI leadership.
01:45 It will host a world summit on AI safety this autumn, amid concerns that rules and regulations
01:50 could be too little, too late to rein in the technology.