The race to develop powerful AI services like ChatGPT is raising concerns about regulations. The EU is taking the lead in drafting new rules to address privacy and safety issues surrounding generative AI technologies.
However, enforcing the legislation will take several years. In the absence of specific AI regulations, governments are applying existing laws, such as data protection and safety regulations.
Europe's national privacy watchdogs have formed a task force to address concerns with ChatGPT and its compliance with GDPR. OpenAI made changes to the service, including age verification and user data control, to ensure compliance.
Other generative AI tools are also under scrutiny by data protection authorities in France and Spain. Mistakes or "hallucinations" made by AI models can have serious consequences, affecting decisions made by banks, government departments, and more.
Ethical considerations are prompting big tech companies to refrain from using AI products that may be ethically questionable, like financial products. Striking a balance between AI innovation and responsible regulations remains a critical challenge.