Opinion: Don’t follow Europe by over-regulating AI |
It's early days yet. Let's see what AI ends up being used for before spelling out what damages will get what penalties
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It’s not news to anyone that European governments love to over-regulate. But last year, worried about emerging AI technology, European lawmakers took their regulatory habit even further. In an act of economic self-sabotage, they implemented a “regulate first, innovate later” approach to AI.
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Instead of waiting for technological innovations to emerge and then responding with appropriate regulation, the European Commission decided it would be the first major regulatory body to pre-empt the innovation and regulate it right away, sight unseen. If it weren’t so misguided, this self-parody would be laughable. In any case, it’s an approach Canada needs to avoid.
The idea behind the new EU rules was to impose obligations on AI companies based on their products’ presumed risk factors.........