According to reports, the European Union’s Competition Commissioner acknowledges that AI may potentially destroy mankind, but she is more worried about the technology’s potential to discriminate on the basis of race or gender.
Commissioner Margrethe Vestager said the risk of extinction could exist. However, she thinks the probability is quite small and seems to be downplaying the existential threat AI poses.
Vestager said they want to ensure people are not discriminated against because of their race, gender, or ZIP. This is especially true if a financial institution utilizes the information to determine whether or not you qualify for a mortgage. In Brussels, the European Commission has the most significant sway. It acts as the bloc’s executive and is responsible for introducing new laws.
According to the EU’s competition head, discrimination caused by developing AI is a greater threat than the extinction of humans. Margrethe Vestager emphasized the importance of this while discussing the use of artificial intelligence in determining life and death matters.
On Wednesday, the European Parliament voted in favor of new AI regulations.
Despite concerns that they may be moving too rapidly to create this technology, which will allow computers to undertake activities that formerly required human intellect, the European Parliament voted in favor of the law.
With Ms. Vestager at the helm, the EU is working with the United States government to produce a voluntary standard of conduct for using and developing artificial intelligence.
Spam filters and video games that use Artificial Intelligence are types of low-risk uses that the current draft of the proposed AI Act hopes to regulate.
Systems that employ artificial intelligence to determine eligibility for loans and housing are particularly vulnerable. It is where the majority of the technical regulations will be placed.
Ms. Vestager stressed the need to be sure of the benefits when refining regulations pertaining to AI, given its speedy evolution.
It’s better to achieve, say, eighty percent now than 100% never, she stated. She believes they can start now and come back to rectify with others after having learned more.
Vestager also mentioned that artificial intelligence is at a definite risk of being used to interfere in elections.