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An illustration of AI atop a computer motherboard.

Dado Ruvic/Illustration/Reuters

EU AI regulation efforts hit a snag

Europe has spent two years trying to adopt comprehensive AI regulation. The AI Act, first introduced by the European Commission in 2021, aspires to regulate AI models based on different risk categories.

The proposed law would ban dangerous models outright, such as those that might manipulate humans, and mandate strict oversight and transparency for powerful models that carry the risk of harm. For lower-risk models, the AI Act would require simple disclosures. In May, the European Parliament approved the legislation, but the three bodies of the European legislature are still in the middle of hammering out the final text. The makers of generative AI models, like the one powering ChatGPT, would have to submit to safety checks and publish summaries of the copyrighted material they’re trained on.

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Traders work on the floor at the New York Stock Exchange in New York City.

REUTERS/Brendan McDermid

Hard Numbers: A soured stock sale, a European agreement, copyright complaints, and a secretive summit

$86 billion: Sam Altman’s ouster from OpenAI calls into question an employee stock sale that would have valued the company at $86 billion. The sale was supposed to close as early as next month, according to The Information. With Altman’s departure and the expected mass exodus of OpenAI staff, possibly to Microsoft, expect that valuation to take a serious hit — if the stock sale happens at all. Microsoft stocks, meanwhile, reached a record-high close on Monday.

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