Regulating AI in ChatGPT: Consumer Groups Urge US and EU to Take Action

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Source: Fox Business
Regulating AI in ChatGPT: Consumer Groups Urge US and EU to Take Action
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TL;DR Summary

Consumer advocacy groups in Europe and North America have called on the US and EU to regulate generative AI technologies that power tools like ChatGPT. The groups expressed concerns that the development and deployment of generative AI is outpacing legislative and regulatory action, which could leave consumers unprotected. They noted that generative AI systems are incentivized to collect personal data, leading to the inclusion of irremovable data sets. The groups also raised alarm about large companies gaining monopolistic market share in the AI space and the heightened carbon emissions associated with running AI tools. The EU is in the process of considering legislation to enact AI regulations.

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