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For general-purpose AI, transparency requirements are imposed, with reduced requirements for open source models, and additional evaluations for high-capability models. [8] [9] The Act also creates a European Artificial Intelligence Board to promote national cooperation and ensure compliance with the regulation. [10]
Many tech companies oppose the harsh regulation of AI and "While some of the companies have said they welcome rules around A.I., they have also argued against tough regulations akin to those being created in Europe" [13] Instead of trying to regulate the technology itself, some scholars suggested developing common norms including requirements ...
Directive 2011/61/EU was prompted as part of a wider regulatory effort undertaken by G20 nations following the global market downturn of 2008. [11] [4] [12] Provisions of Directive 2011/61/EU include increasing transparency by AIFMs [1] [13] [14] and assuring that national supervisors, the European Securities and Markets Authority (ESMA), [15] [16] and the European Systemic Risk Board (ESRB ...
The process, which resulted in the 2004 version of the EU Transparency Directive, passed several years, consultations and revisions.The first step towards the EU Transparency Directive of 2004 took place in July 2001 when the commission of the European Union announced the first consultation regarding the transparency on publicly traded companies.
The Government is keen to establish a set of safety processes for AI firms to follow as it looks to place the UK as a world leader in the development of safe artificial intelligence.
Currently, AI companies are not strictly obligated to share information with the government related to their systems’ capabilities and limitations, protective measures, and risk levels of ...
Directive 2014/65/EU on markets in financial instruments known as MIFID 2: It applies to investment firms, market operators, data reporting services and third-country firms (with a branch in the EU) and establishes requirements related to authorisations, operating conditions, rules on transparency, specific rules for regulated markets, etc. [53 ...
Stanford University researchers issued a report on Wednesday measuring the transparency of artificial intelligence foundation models from companies like OpenAI and Google, and the authors urged ...