IBM Praises EU Parliament's Approval of EU AI Act

[T0@st]

IBM applauds the EU Parliament's decision to adopt the EU AI Act, a significant milestone in establishing responsible AI regulation in the European Union. The EU AI Act provides a much-needed framework for ensuring transparency, accountability, and human oversight in developing and deploying AI technologies. While important work must be done to ensure the Act is successfully implemented, IBM believes the regulation will foster trust and confidence in AI systems while promoting innovation and competitiveness.

"I commend the EU for its leadership in passing comprehensive, smart AI legislation. The risk-based approach aligns with IBM's commitment to ethical AI practices and will contribute to building open and trustworthy AI ecosystems," said Christina Montgomery, Vice President and Chief Privacy & Trust Officer at IBM. "IBM stands ready to lend our technology and expertise - including our watsonx.governance product - to help our clients and other stakeholders comply with the EU AI Act and upcoming legislation worldwide so we can all unlock the incredible potential of responsible AI." For more information, visit watsonx.governance and ibm.com/consulting/ai-governance.



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[ThrashZone]

Hi,
Hard to believe they put AI and trust in the same paragraph but they did hehe

 

[LabRat 891]

Welcome to the next evolution in the fusion of Technology and Politics!
'Already have watched folks get reprimanded for being 100% on-topic w/ these kinds of stories. Places like TPU, EHW, THG, etc. are about to get real 'fun'...

 

[R-T-B]

Welcome to the next evolution in the fusion of Technology and Politics!
'Already have watched folks get reprimanded for being 100% on-topic w/ these kinds of stories. Places like TPU, EHW, THG, etc. are about to get real 'fun'...

You can/should be ontopic, just don't bring politics into it is sort of the show we run.

On some topics this approach is more tenable than others, obviously.

 

[JohH]

Big companies with big legal teams and regulatory capture. A love story for the ages.

 

[Broken Processor]

While some approve of this others will see it as restricting innovation. Who is right? Time will tell.

 

[Tahagomizer]

There is an old saying about law: It's like a fence. A tiger will jump over it, a snake will slip through, but it keeps cattle enclosed.
Legislation like this is exactly that. Corporations will do whatever they want, fines are lower than income generated by illegal activity so it's just cost of doing business. It will eliminate small companies which can't afford large legal departments so it just makes it even cheaper for corporations.