EU Competition Chief Defends AI Act After Macron's Attack

The EU's competition and digital chief has defended the bloc's landmark law on AI, saying the move would create "legal certainty" for tech start-ups building the technology, even as it comes under fire from critics including French President Emmanuel Macron. From a report: Margrethe Vestager told the Financial Times that the EU's proposed AI Act would "not harm innovation and research, but actually enhance it." That is because the legislation, for the first time, provides a clear set of rules for those building so-called foundation models -- the technology that underpins generative AI products such as OpenAI's ChatGPT, which can churn out humanlike text, images and code in seconds. "[The AI Act] creates predictability and legal certainty in the market when things are put to use," said Vestager, the commission's executive vice-president who oversees competition and the EU's strategy dubbed "Europe fit for the digital age." She added: "If you do foundational models, but also if you want to apply foundational models, you know exactly what you are going to look for once it is put into use. It is important that you do not have any regulatory over-reach, that innovation and research is promoted again." Her defence of the AI Act comes after Macron argued the legislation risks leaving European tech companies lagging behind those based in the US and China.

Read more of this story at Slashdot.