Severe regulation will give China an advantage.

Officials in the Joe Biden administration argue about how aggressively emerging AI technologies should be regulated, as this could give China an advantage and damage the US.

The US and EU discuss AI regulation in Sweden.

Due to this dissonance, the US was unable to respond coherently to the EU’s proposal to establish new regulations for generative AI during a US-EU Trade and Technology Council meeting in Sweden.

Regulators must decide who should be held accountable for the hazards posed by the technology, such as the dissemination of false information or privacy violations.

The proposed EU regulations will supplement the reporting specifications for businesses creating models for chatbots like OpenAI.

Because they believe it would be wrong to include the European democratic system in the global discussion, European officials have refrained from discussing the intricacies of the AI Act with their American counterparts.