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Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. In recent weeks, talks have hit stumbling blocks over the extent to which companies should be allowed to self-regulate. Alexandra van Huffelen, Dutch minister for digitalisation, told Reuters the OpenAI saga underscored the need for strict rules. "Please don't gut the EU AI Act; we need it now more than ever." Reporting by Martin Coulter and Supantha Mukherjee; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Altman, Carlos Barria, Altman, OpenAI’s, Brando Benifei, ”, Alexandra van Huffelen, Gary Marcus, Martin Coulter, Supantha Mukherjee, Susan Fenton Organizations: Economic Cooperation, REUTERS, European Commission, EU, Reuters, Microsoft, New York University, Thomson Locations: Asia, San Francisco , California, U.S, European, OpenAI, France, Germany, Italy

The European Union is at the forefront of drafting new AI rules that could set the global benchmark to address privacy and safety concerns that have arisen with the rapid advances in the generative AI technology behind OpenAI's ChatGPT. "If it's about protecting personal data, they apply data protection laws, if it's a threat to safety of people, there are regulations that have not been specifically defined for AI, but they are still applicable." Data protection authorities in France and Spain also launched in April probes into OpenAI's compliance with privacy laws. 'THINKING CREATIVELY'French data regulator CNIL has started "thinking creatively" about how existing laws might apply to AI, according to Bertrand Pailhes, its technology lead. "We are looking at the full range of effects, although our focus remains on data protection and privacy," he told Reuters.

REUTERS/Florence Lo/Illustration/File PhotoLONDON/STOCKHOLM, April 28 (Reuters) - As recently as February, generative AI did not feature prominently in EU lawmakers' plans for regulating generative artificial intelligence (AI) technologies such as ChatGPT. LAST-MINUTE CHANGESSince launching in November, ChatGPT has become the fastest growing app in history, and sparked a flurry of activity from Big Tech competitors and investment in generative AI startups like Anthropic and Midjourney. THE TERMINATORUntil recently, MEPs were still unconvinced that generative AI deserved any special consideration. In February, Tudorache told Reuters that generative AI was "not going to be covered" in-depth. But Tudorache and his colleagues now agree on the need for laws specifically targeting the use of generative AI.

April 17 (Reuters) - EU lawmakers urged world leaders on Monday to hold a summit to find ways to control the development of advanced artificial intelligence (AI) systems such as ChatGPT, saying they were developing faster than expected. The 12 MEPs, all working on EU legislation on the technology, called on U.S. President Joe Biden and European Commission President Ursula von der Leyen to convene the meeting, and said AI firms should be more responsible. "We are nevertheless in agreement with the letter's core message: with the rapid evolution of powerful AI, we see the need for significant political action," they added. The letter urged democratic and "non-democratic" countries to reflect on potential systems of governance, and to exercise restraint in their pursuit of very powerful AI. The Biden administration has also been seeking public comments on potential accountability measures for AI systems as questions loom about their impact on national security and education.

March 29 (Reuters) - Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI's newly launched GPT-4, in an open letter citing potential risks to society and humanity. "Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," the letter said. The letter detailed potential risks to society and civilization by human-competitive AI systems in the form of economic and political disruptions, and called on developers to work with policymakers on governance and regulatory authorities. Rather than pause research, she said, AI researchers should be subjected to greater transparency requirements. "If you do AI research, you should be very transparent about how you do it."

The bloc's highly-anticipated AI Act is widely expected to be put to a vote at the European Parliament at the end of March, at which point individual nations will begin negotiating final terms of the legislation. Following a crunch five-hour meeting in Brussels on Wednesday, however, MEPs had yet to agree to a set of basic principles. One of the most controversial areas of debate is deciding which AI systems would be categorised as "high risk", such as those affecting a person's safety or infringing fundamental rights. “The obvious tension here is between the focus on fundamental rights, on the one hand, and those who say these necessarily conflict with innovation,” said Greens MEP Sergey Lagodinsky. A source at the European Parliament said negotiations were ongoing with a view to agreeing a strong text.

The phased rollout of its “EU data boundary” will apply to all of its core cloud services – Azure, Microsoft 365, Dynamics 365 and Power BI platform. Big businesses have become increasingly anxious about the international flow of customer data since the EU introduced the General Data Protection Regulation (GDPR) in 2018, which protects user privacy. "The first phase will be customer data. And then as we move into the next phases, we will be moving logging data, service data and other kind of data into the boundary," she said. Microsoft has previously said it would challenge government requests for customer data, and that it would financially compensate any customer whose data it shared in breach of GDPR.

LONDON/STOCKHOLM, Dec 7 (Reuters) - The European tech industry saw $400 billion in value wiped out this year and an 18% decline in venture capital funding, according to a report from venture capital firm Atomico. "The European tech ecosystem is facing the most challenging macroeconomic environment since the global financial crisis," Tom Wehmeier, partner at Atomico, told Reuters. Venture capital funding in Europe was down to $85 billion for the year, based on data collected across 41 countries, an 18% decline from the $100 billion raised in 2021. In a survey of founders and investors on the continent, 77% said they were either as enthusiastic, or more so, about the future of the European tech industry than in 2021. "The financial markets have changed, and with that, the expectations of everyone working within the European tech industry need to evolve."

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