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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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EU tech chief reviews voluntary AI code in weeks.

European Commission Vice President Margrethe Vestager attends a press conference, in Lulea, Sweden M... European Commission Vice President Margrethe Vestager attends a press conference, in Lulea, Sweden May 31, 2023. Jonas Ekstromer/TT News Agency/via REUTERS
European Commission Vice President Margrethe Vestager attends a press conference, in Lulea, Sweden M... European Commission Vice President Margrethe Vestager attends a press conference, in Lulea, Sweden May 31, 2023. Jonas Ekstromer/TT News Agency/via REUTERS

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EU tech chief reviews voluntary AI code in weeks. EU tech chief Margrethe Vestager expected a draft AI code of conduct to be completed within weeks, allowing businesses to commit “very, very soon.”

Policymakers and industry leaders are worried about AI, especially content-creating generative AI like ChatGPT, comparing it to pandemics and nuclear holocaust.
Vestager suggested a voluntary code for protection while new legislation is drafted.

“Generative AI is a complete game-changer,” European Commission vice president Vestager told a news conference on Wednesday after the EU-U.S. Trade and Technology Council (TTC) meeting.

It’s powerful. “So within the next weeks we will advance a draft of an AI code of conduct,” she said, adding she hoped there would be a final proposal “very, very soon” that business could sign.
She tweeted that the code might include watermarking and external audits.

The EU’s AI Act debates facial recognition and biometric surveillance rules.

“Ideally, it will take effect in two to three years. However, However, However, Vestager told reporters before the Swedish TTC meeting that it was too late. “We need to act now.”

The TTC closing statement claimed the two partners had formed expert committees to examine AI hazards, collaborate on AI standards, and monitor existing and new concerns.

This month, G7 leaders asked for technical standards to make AI “trustworthy” and encouraged international conversations on governance, copyright, transparency, and disinformation.
Vestager suggested Brussels and Washington could lead the process, saying generative was “developing at amazing speeds.”


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