Breaking News: Historic Agreement Reached on Future AI Regulation in Europe!

**EU AGREES ON AI REGULATIONS**

An historic agreement has been reached by Germany, France, and Italy regarding the regulation of artificial intelligence in the European Union. The joint paper seen by Reuters is expected to pave the way for negotiations at the European level, which could see binding voluntary commitments for both large and small AI providers.

**BALANCING INNOVATION AND SAFETY**

The European Parliament’s “AI Act” aims to ensure the safety of AI applications and prevent discriminatory effects without stifling innovation. However, a proposal that the code of conduct initially only apply to major AI providers from the U.S. has led to concerns about a competitive disadvantage for smaller European providers. The proposed solution? Rules of conduct and transparency should be binding for everyone.

**NO SANCTIONS…YET**

While no sanctions are initially proposed, a system of sanctions could be set up if violations are identified after a certain period of time. The development of AI models that have not yet been launched should not be separately regulated by the state.

**A DIGITAL AGENDA**

The German government’s digital summit, hosted in the state of Thuringia, will include representatives from politics, business, and science. Meanwhile, issues surrounding AI will be discussed when the German and Italian governments hold talks on Wednesday.

What do you think about the proposed AI regulations? Will they strike the right balance between safety and innovation? Leave a comment and let us know!

IntelliPrompt curated this article: Read the full story at the original source by clicking here