Open letter: Proposed AI rules could harm Europe
It was signed by more than 160 executives to warn the European Union of the consequences of imposing tough regulations that threaten competitiveness
An open letter signed by more than 160 executives at companies ranging from Renault to Meta says proposed AI legislation in the European Union would threaten competitiveness and harm Europe's technological supremacy.
EU lawmakers approved a draft set of rules this month that would require systems like ChatGBT to disclose content generated by artificial intelligence, help differentiate real images from so-called deepfakes, and ensure measures are in place to protect against illegal content.
Since ChatGBT became so popular, several open letters have been issued calling for AI regulation and awareness of the "AI extinction threat".
Among the signatories to previous letters are Twitter chief Elon Musk, OpenAI CEO Sam Altman, as well as Jeffrey Hinton and Joshua Bengio, who are among three people called the "Godfathers of Artificial Intelligence."
Investors fled
The third, Jan Lucan of Meta, signed the letter on Friday opposing EU regulations. Other signatories include executives from a variety of institutions such as Spanish telecoms firm Celnex, French software firm Miracle and German investment bank Berenberg.
These institutions, as well as Renault and Meta, did not respond to requests for comment.
The letter warned that under EU-proposed rules, technologies such as generative AI would be heavily regulated and companies developing such systems would face high compliance costs and disproportionate legal risks.
The letter added that these regulations may lead innovative companies to move their activities outside of Europe and investors to withdraw their money from the development of European artificial intelligence in general.
But Altman, who in May threatened to pull ChatGBT from Europe if the planned AI laws became difficult to comply with, later backtracked and said the company had no plans to exit Europe.
Source: websites