Tag: Regulation

Chuck Schumer, US Senate Majority Leader, has initiated efforts to create new regulations on Artificial Intelligence in response to: national security, education concerns and the growing consumer appeal of ChatGPT. Schumer's framework strives to create a regulatory regime that keeps the US at the forefront of technology while avoiding potential disasters. With over 100 million users, ChatGPT is the fastest-growing consumer application of all time. Schumer emphasizes the importance of strong legislation to ensure proper use of AI.

Google is devoted to helping its users stay safe by introducing three initiatives with the aim to mitigate cyber risk. These include the Hacking Policy Council, Security Research Legal Defense Fund, and enhanced transparency into vulnerability exploitation and patch adoption. An undisclosed funding amount will be set aside to cover legal liabilities for researchers contributing to ethical vulnerability disclosure. Stay secure with Google!

ChatGPT is the world's fastest-growing consumer technology, with over 100 million users. Now, European Data Protection Board (EDPB) has launched a taskforce to ensure data privacy regulations for AI programs like ChatGPT, following decisions by Italian and German authorities. EDPB is working with OpenAI, the Microsoft-backed creator of ChatGPT, on creating unified policies to protect users' rights.

Italy reversed their ban on AI chatbot ChatGPT after OpenAI, the creator, confirmed compliance with all applicable regulations for user's personal data and minors protection. The country became the first to take such action after security threats appeared. Regulators ensured GDPR, privacy policy adherence and ensured minors protection. OpenAI is dedicated to benefit humanity with its AI research and development.

The last decade has seen rapid advancements in artificial intelligence (AI) technology, which could lead to disastrous consequences if not managed & regulated properly. Ian Hogarth, an AI investor and co-founder at Songkick, warns of a "nuclear-level catastrophe" if AI is allowed to grow unchecked. Jensen Huang, the CEO of chip maker Nvidia, notes AI power has grown 1 million times over the past 10 years with AI like OpenAI's ChatGPT. Hogarth warns of the immense power of AI, also known as "God-like AI," which could challenge humans’ grip on the world. We must create guidelines to reduce the risk of chaotic and potentially catastrophic outcomes.