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Industry flags 'serious concerns' with latest draft of EU AI code of practice

The article from MSN discusses the European Union's latest draft of the AI Code of Practice, which has raised significant concerns within the tech industry. The draft, aimed at regulating AI technologies, includes stringent requirements for transparency, accountability, and ethical considerations in AI development and deployment. Industry leaders are particularly worried about the potential stifling of innovation due to what they perceive as overly restrictive regulations. Key issues highlighted include the mandatory disclosure of training data, the need for human oversight in AI decision-making processes, and the potential liability for AI-caused harm. Critics argue that these regulations could disadvantage smaller companies and startups, potentially leading to a market dominated by larger corporations with the resources to comply. There's also apprehension about the EU's approach possibly diverging from global standards, which could fragment the international AI regulatory landscape.

Read the Full Euronews Article at:
[ https://www.msn.com/en-in/entertainment/hollywood/industry-flags-serious-concerns-with-latest-draft-of-eu-ai-code-of-practice/ar-AA1AKnkN ]