Dual stance of tech companies on AI laws Different approach of companies in US and EU

As the scope of artificial intelligence i.e. AI is increasing, the current laws regarding it may prove to be less effective. Keeping this in mind, there is a demand for a separate rule-law related to AI. However, in this regard, the big tech companies of the world are seeing a different attitude.

Last month, Sam Altman, CEO of ChatGPT's parent company OpenAI, warned the US Congress about the threat of artificial intelligence. This suggests that tech companies are serious about AI regulation. However, a week later, Altmann stated that they would try to comply with European Union regulations, but that the company would cease operations in the sector if they were more stringent.

They want regulation around AI, but the reality is more complicated. In the US, companies like Google, Microsoft, IBM and OpenAI have asked policymakers to keep an eye on AI. However, the attitude of these companies is different in the EU. Political leaders in the EU recently voted to rein in generative AI. Here, the lawyers of these big tech companies opposed these measures. In the EU, where there has been a comprehensive data protection law for the past five years, efforts are being made to enforce it more stringently. On the other hand, there is no such law in America for the last two decades. Tech companies know they can't ignore the EU. Social media and data protection laws have become the norm around the world.

India has an opportunity to take a leap in generative AI

India has an opportunity to take a leap in the field of artificial intelligence (AI) and generative AI. Generative AI is becoming more mature. Cloud-based software provider Salesforce India CEO Arundhati Bhattacharya expressed this idea. He allayed concerns that AI would lead to thousands of job losses, saying that AI would not eliminate jobs, but change their nature. It will require upskilling and reskilling of professionals. The country has a large pool of skilled professionals. The country has a good level of education, infrastructure, availability of electricity, national security etc. Other countries do not have these facilities.

AI likely to run unregulated for 2-3 years

As earnings from AI have increased, political leaders are also speaking the language of the industry. As for the European Union itself, it is uncertain how it will be regulated until there is a final vote on the AI ​​Act. Companies will not need to comply with the rule until 2025.