By subscribing you agree to with our Privacy Policy and provide consent to receive updates from our company.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

EU legislation to incorporate ChatGPT, Midjourney, and other AI tools

With the surge in the use of artificial intelligence (AI) in content creation, controversies around its use of copyrighted materials have been raised.

With the surge in the use of artificial intelligence (AI) in content creation, controversies around its use of copyrighted materials have been raised.

In response, legislators in the European Union have recently voted on a draft bill aimed at regulating AI technology and the companies that develop it.

Under the proposed bill, AI tools will be classified according to their risk level, ranging from minimal to unacceptable. High-risk tools will not be banned but will be subjected to stricter transparency procedures.

This will include generative AI tools, such as ChatGPT and Midjourney, being required to disclose any use of copyrighted materials in AI training.

The bill is part of the EU’s Artificial Intelligence Act and has been in the works for nearly two years. Svenja Hahn, a member of the European Parliament, has described it as striking a balance between protecting citizens from too much surveillance and over-regulation, while also fostering innovation and boosting the economy.

The upcoming Artificial Intelligence Act has also been the focus of discussion within the financial industry. The European think tank Eurofi recently released a magazine edition that included a section on AI and machine learning applications in finance in the EU.

This section featured five mini-essays on AI innovation and regulation within the EU, all of which touched on the upcoming legislation.

Georgina Bulkeley, the director for EMEA financial services solutions at Google Cloud, was among the authors who contributed to the section. She stated that AI is too important not to regulate and that it is crucial to regulate it well.

As these developments take place, it raises the question of how we should regulate AI and its use of copyrighted material. What do you think about the proposed bill in the EU?

Do you believe that AI should be regulated to protect copyrighted material, or do you think that there should be less regulation to promote innovation?

May 12, 2023
Bitcoin Pizza Day: A Slice of History (and a Reminder of Volatility)
May 22, 2024

Every year on May 22nd, crypto enthusiasts around the world celebrate Bitcoin Pizza Day. But what exactly are we celebrating? Let's dive into a delicious (and slightly cautionary) tale from Bitcoin's early days.

Read more
Crypto Hackers Busted After Stealing £5.7m in Global Scam
May 16, 2024

Two crypto criminals have been sentenced for a £5.7 million scheme that targeted Bitcoin wallets worldwide.

Read more
Blockchain Developer Salary Guide

Ever wondered how much a Blockchain Developer makes across different levels of seniority and regions of the world?

Read more
Close Cookie Preference Manager
Cookie Settings
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage and assist in our marketing efforts. More info
Strictly Necessary (Always Active)
Cookies required to enable basic website functionality.
Made by Flinch 77
Oops! Something went wrong while submitting the form.