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Home Technology Artificial Intelligence

Building Trust in AI: Lessons from the EU AI Act

The need for smart regulation to minimize AI risks and the opportunity for Australia to learn from the EU's AI regulation. #AI #regulation #technology #Australia #EU

by Lilu Anderson
Mon, Jan 15, 2024 8:05am
in Artificial Intelligence
• 3 mins read
14.7k
Building Trust in AI: Lessons from the EU AI Act | FinOracle

Photo: Finoracle.me

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The Need for Smart Regulation to Minimize AI Risks

Artificial intelligence (AI) is set to revolutionize our societies and economies in the coming years. With such transformative potential, it is crucial that the world’s democracies take steps to minimize the risks associated with this new technology through smart regulation. While the benefits of AI are vast, including improved healthcare, enhanced road safety, and sustainable energy systems, there are also risks stemming from the opacity and complexity of AI systems, as well as intentional manipulation by bad actors. In order to build trust and ensure the reliability of AI systems, targeted product-safety regulations must be put in place, focusing on high-risk applications and powerful AI models.

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Tags: AIARARMArtificial IntelligenceAustraliaBalanceBuildingCESChinaClimateDailyDeFiETHEUEURFoodGrowthHealthcareInnovationIntelIronMarketNaturePotentialRegulationRiskSECStrategySustainable energyTechnologyUS
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