Wednesday, May 17, 2023

AI Regulation Update

"Amended EU AI Act Takes Aim at American Open-Source AI Models and API Access": 

If passed, the act would ban [OpenAI, Amazon, Google, and IBM] from providing API access to generative AI models in the EU, and would sanction American open-source developers and software distributors, such as GitHub, if unlicensed generative models became available in Europe...

Any model made available in the EU without first passing extensive and expensive licensing would subject companies to massive fines of the greater of €20,000,000 or 4% of worldwide revenue. Open-source developers, and hosting services such as GitHub, would be liable for making unlicensed models available.