The European Union has recently proposed a new law to regulate artificial intelligence, the EU Artificial Intelligence Act.
I am normally a very big advocate of deregulation, preferring freedom and scope for exploration to stoke innovation. But this new generation of AI is unlike anything we’ve seen before. AI has been around for a while: Siri on your phone, Alexa, Google Assistant – these are prominent examples. Yet the next generation AI is something completely different.
Yet I do believe that the vast majority of what will come out of this will be good as well, enhancing and improving humanity to a level that was never before possible. History will remember the new generation of AI as one of our most significant breakthroughs. Calls to slow down or halt AI are not the best reactions. We need policy and regulation to manage AI’s potential for significant risks and danger.
But that does not make the AIA moot. Quite the opposite, because it encourages a serious conversation. We desperately need legislation to regulate AI, and I hope other governments are paying attention. Europe’s legislative authority in Europe is a role model, and its views get the rest of the world to sit upright. AIA opens the door to a larger conversation.
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