Summary of AI Waves #3 | Discussion about new AI rules & regulations in the EU

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00:00:00 - 01:00:00

The European Union has proposed a new law regulating artificial intelligence, which includes a definition of AI, a catalog of techniques, and review procedures. The law is based on a risk-based approach, with higher levels of risk requiring tighter regulation. The proposed regulation requires businesses to provide documentation, human oversight, and testing of AI systems. There is some debate about the scope and implementation of the regulation, but overall it is seen as a positive step in ensuring the safety of AI technology.

  • 00:00:00 The speakers introduce themselves and discuss changes in legal regulations regarding artificial intelligence. Martin Ciupa discusses his experience working with companies to solve their toughest problems using AI. Jerzy Biernacki discusses his passion for aiding companies in solving their toughest problems and his vision for using latest technologies to help them shape their visions to innovate products and services.
  • 00:05:00 The European Union is working on a legal framework for artificial intelligence, and the first step is to regulate the technology. This presentation will discuss the background of the regulation and the first steps of the process. The focus will be on the financial market, which is leading the way in terms of regulation.
  • 00:10:00 The proposed EU regulation on artificial intelligence includes a definition of artificial intelligence system, catalog of techniques and approaches that must be incorporated into the system, and review of the definition and methods for ensuring that the update of the catalog is effective.
  • 00:15:00 The European Union has enacted a new law regulating artificial intelligence, with specific provisions related to unacceptable risk AI. The law is based on a risk-based approach, with higher levels of risk requiring tighter regulation. The four categories of risk are unacceptable, high-risk, deferred, and minimal risk. The law prohibits authorities from using social scoring systems, uses manipulative and subliminal practices, and advances our weaknesses.
  • 00:20:00 The proposed EU regulation defines high-risk AI systems, which will require special requirements from providers. These requirements will be subject to review.
  • 00:25:00 The proposed EU regulations require providers of high-risk artificial intelligence systems to provide adequate risk assessment and mitigation mechanisms, keep records of AI activity, and provide human oversight over the algorithms.
  • 00:30:00 The proposed EU regulation requires high-risk AI systems to be designed with a high level of robustness, security, and accuracy. Additionally, the provider of the system must constantly monitor the system to ensure its accuracy and security. Lawyers will need to cooperate with businesses in order to develop appropriate procedures in accordance with the regulation.
  • 00:35:00 The EU is proposing new rules and regulations for AI, including requirements for documentation, human oversight, and testing. Some doubts about the scope and implementation of these requirements arise.
  • 00:40:00 The panel discussed the new AI regulations in the EU and how they will affect businesses. They also discussed how to test AI systems and what level of risk they should be treated as.
  • 00:45:00 Beril and Martin share their opinions on the definition of artificial intelligence, and Jerzy says that there are practical challenges in setting standards for AI technology. Natalia asks if anyone has any opinions on the definition. All the speakers agree that it is an important issue to consider, but no one has a definitive answer.
  • 00:50:00 The proposed EU regulation on artificial intelligence includes a catalog of techniques and approaches that businesses can use to comply with the regulation. Some business participants suggest that the list is too extensive, while others feel that it is needed in order to stay ahead of the curve with artificial intelligence.
  • 00:55:00 The video discusses how different types of artificial intelligence (AI) work and how they can be used. It discusses supervised and unsupervised AI and how the former is more scientific while the latter is more exploratory. It also touches on the riskiness of using deep learning for applications that have a large impact on society.

01:00:00 - 02:00:00

The new EU regulations for AI are designed to promote responsibility and transparency among companies, and to protect citizens from discrimination. However, some panelists worry that the rules may not be effective in all cases.

  • 01:00:00 The speaker discusses the new AI rules and regulations in the EU and says that the definition is good, but that it will be updated in time depending on cultural changes and developments. He also says that there will be slight changes in the definition depending on what comes and what society needs to know.
  • 01:05:00 The new EU regulations want companies to develop AI responsibly and communicate about the AI model with transparency and caution. The regulation also expects companies to use high-quality datasets that are collected ethically.
  • 01:10:00 The speaker discusses the importance of quality data in AI models, and discusses the various steps involved in collecting and preparing such data. He also stressed the importance of testing the data for potential bias.
  • 01:15:00 The speaker discusses the need for proper testing when it comes to AI systems, noting that while datasets can be error-free, the systems themselves will inevitably contain errors. He suggests using digital simulation to test systems thoroughly before release.
  • 01:20:00 The speaker discusses the challenges of regulating AI, pointing out that it is impossible to set specific rules for all possible applications of AI. Each company will need to be aware of their legal obligations, and policymakers will need to be aware of these challenges in order to make better decisions.
  • 01:25:00 Martin discusses how the regulations around AI are not yet solidified, but suggest that testing and academic research into the risks and safety of AI should be pursued. He also points out that adding more data to an AI system doesn't necessarily lead to improved accuracy.
  • 01:30:00 The European Union has proposed new rules and regulations for AI, including a classification of risk that could affect certain business sectors. Jerzy discusses some of these proposals and says that while GPT3 is good for training AI systems, GPT4 will be much larger and require more resources.
  • 01:35:00 The third AI Waves video discusses the proposed regulation for AI, which would put similar requirements on businesses that discriminate based on gender, ethnicity, or other factors. The interviewer believes that this is a good idea, as it would protect citizens and promote innovation. However, he worries about the UK's loss of influence in the EU due to Brexit.
  • 01:40:00 The video discusses how, in some cases, using AI can be a riskier proposition than not using AI, as the AI system may not be accurate enough. The panelists suggest augmenting AI with a human final decision maker in order to mitigate this risk.
  • 01:45:00 The author discusses the new AI regulations in the EU, highlighting the importance of transparency and user trust. The author also discusses an example of how AI could be used to improve our lives without causing damage.
  • 01:50:00 The European Union is considering new rules and regulations for artificial intelligence, and some attendees at the talk expressed concern that the rules may not be effective. However, most participants agreed that AI has the potential to improve our lives and protect us from dangers.
  • 01:55:00 The EU has created a high-risk category for safety and HR systems, which differentiates them from low-risk systems. Ricardo raises the question of how to calculate penalties for violations of these systems.

02:00:00 - 02:05:00

The speakers in the video discuss the EU's plans to regulate artificial intelligence, and how businesses will need to adapt their contract agreements to comply with these new rules. They mention that it could take up to six years for the regulations to be fully implemented.

  • 02:00:00 The European Union is considering new rules and regulations for AI, but it is unclear how enforcement will be handled. There is also uncertainty about who will be responsible for any mistakes made by AI systems. Businesses will have to address these issues in contract agreements.
  • 02:05:00 The speakers discuss EU regulations related to artificial intelligence, and how long it will likely take for them to be implemented. They also mention that no one knows when this will happen, and that it could take up to six years for GDPR to take effect.

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