European Union Inches Closer To Regulating AI Technologies Like ChatGPT, Google Bard
Portfolio Pulse from Benzinga Neuro
The European Union is nearing a deal to regulate AI technologies, including those like ChatGPT and Google Bard. The agreement, involving the European Commission, Parliament, and member states, will establish a control framework for AI tools. The AI Act will require developers to document training models, summarize copyrighted material, and label AI-generated content. Systems posing systemic risks will need to follow an industry code of conduct and report incidents. Google (NASDAQ:GOOGL) is directly mentioned as one of the companies developing such AI technologies.
December 07, 2023 | 11:37 am
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Google, listed as GOOGL on NASDAQ, is directly involved in the development of AI technologies that will be subject to the EU's upcoming regulatory framework.
While the regulation is focused on AI technologies and Google is a key player in this field, the short-term impact on the stock is likely to be neutral. The market may have already anticipated regulatory moves, and the specifics of the regulation, which are still under discussion, will determine the long-term impact. However, the news shows the increasing scrutiny on AI, which could lead to additional costs or changes in operations for Google.
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