EU Advances Talks To Strike Balance Between AI Progress & Privacy Protection

Rupam Roy
December 8, 2023
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
ChatGPT Rival Venice AI Launches VVV Token on Ethereum L2 Base

In a marathon negotiation session that stretched nearly 24 hours, European Union (EU) officials grappled with the daunting task of regulating artificial intelligence (AI) across the bloc. The pivotal debate centers on the use of live face-scanning technology by EU governments, highlighting the intricate challenge of harnessing AI’s potential while safeguarding citizens from its risks.

Advertisement
Advertisement

EU at Crossroads in AI Regulation

European Union negotiators reconvene, aiming to establish groundbreaking regulations for artificial intelligence (AI). Notably, the intense deliberation, emblematic of the global struggle, revolves around finding an equilibrium between reaping AI benefits and shielding citizens from potential harm.

Meanwhile, negotiators, having achieved consensus on additional rules for general AI models, encounter a roadblock concerning the restriction of live face-scanning technology by EU governments. This juncture underscores the delicate task of harmonizing technological progress with fundamental rights and privacy concerns, Bloomberg reported today.

Brando Benifei, a prominent figure in crafting the legislation, cautiously expressed optimism, emphasizing the goal of creating an AI act that remains relevant over time while steadfastly upholding fundamental rights. However, the challenge, he noted, lies in navigating the complexities and addressing the concerns raised by the diverse political groups within the European Union (EU).

Meanwhile, the proposed compromise allows for specific applications of face-scanning technology, such as preventing abductions, trafficking, terrorism, and criminal investigations. However, skepticism looms as critics, like Daniel Leufer from Access Now, condemn the potential use of biometric data for predictive policing, labeling it “pseudo-scientific” and “disgustingly racist.”

Also Read: Chainlink (LINK) Price Bounces Back With $20 Target And Strong On-chain Metrics

Advertisement
Advertisement

Striking a Balance Between Innovation and Regulation

As EU policymakers strive to foster homegrown AI startups while safeguarding against social risks, a delicate balance emerges. Notably, the proposed regulations compel developers, including those behind AI models like ChatGPT, to adhere to transparency requirements.

However, concerns linger over the efficacy of self-regulation, with skeptics arguing it may not suffice to ensure safe AI development.

Hugo Weber of Mirakl criticizes the rules, stating they still burden EU players, potentially giving non-EU providers a competitive edge. The debate encapsulates the global struggle to embrace AI’s potential while crafting safeguards to protect citizens from its unintended consequences. The EU’s decision will undoubtedly set a precedent for AI regulation worldwide.

Also Read: XRP Lawyer Reacts As Uphold Head Of Research Predicts Price Bitcoin To Cross $200k

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.