How can AI companies navigate a complex regulatory framework? — Compliance Labels
Cybersecurity Dive May 6, 2024
The rapid unregulated growth in the field of artificial Intelligence has given rise to Large Language Models (LLM’s) such as GPT-4 and Gemini which has contributed to major technical advancements but has also been coupled with legal and ethical issues. Recently, the Federal Trade Commission (FTC) has initiated an inquiry against OpenAI into possible violations of consumer data protection law and is seeking extensive records regarding its handling of consumer data and potential risk of spreading disinformation including posing a reputational harm to consumers.
In view of this the European Union recently passed the AI act, the world’s first comprehensive AI law that promotes development of human centric technology, with trustworthiness as the core principle and promotes risk-based approach placing...