Italy launches €150M fund to support AI startups and establish a task force of experts, while chipmaker Nvidia hits $1T valuation with its ChatGPT technology.
. The European Data Protection Board (EDPB) created a task force to address the potential risks of ChatGPT, a leading AI technology. This task force is the first step to create a comprehensive policy on data protection and privacy related to AI. EDPB is striving to uphold data protection regulations in the EU, with various data protection authorities as members. OpenAI’s ChatGPT is gaining attention for its potential to revolutionize natural language processing. The task force is founded to create policies to protect people’s data and privacy when using AI.
The European Data Protection Board (EDPB) has announced the launch of a task force to monitor ChatGPT, after Italian government's move to temporarily ban ChatGPT and German Data Protection commissioner's announcement to take similar steps. AEPD also stated they were investigating OpenAI (ChatGPT's parent company) for possible privacy violations. This task force's primary objective is to create consistent rules to protect user privacy. Microsoft-backed OpenAI has already received various measures from the Italian Data Protection Authority.
Are you ready? The European Data Protection Board has formed a task force to establish an unified policy for privacy regulations on artificial intelligence. This initiative follows Italy's decision to restrict ChatGPT, and aims to keep consumer safety in mind. Microsoft Corp. must take the lead to ensure AI services are compliant with new regulations. With the EDPB’s support, hopefully a safe digital environment for all can be established.
. Hong Kong is closely monitoring the risk and potential of ChatGPT, an AI-based tool which has gained quick popularity over the last few months. Sun Dong, the city's technology minister, has recently indicated that it will not be adopted for internal government use. Regulations from the Chinese internet regulator are in place to prevent instances of discrimination and protect individual privacy. Hong Kong is creating AI-infused solutions and has plans for setting up a supercomputing hub. While ChatGPT has tremendous potential, it also comes with a fair share of challenges - Hong Kong still needs to figure out how to regulate and leverage it.
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