Close Menu
    • ABOUT
    • BOOK STORE
    • ENTREPRENEURSHIP
    • ESG
    • EVENTS & AWARDS
    • POLITICS
    • GADGETS
    • CONTACT
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) LinkedIn
    Business explainerBusiness explainer
    Subscribe
    • TRENDING
    • EXECUTIVES
    • COMPANIES
    • STARTUPS
    • GLOBAL
    • AGRICULTURE
    • DEALS
    • ECONOMY
    • MOTORING
    • TECHNOLOGY
    Business explainerBusiness explainer
    Home » Big Tech caught between regulation and profit
    TECHNOLOGY

    Big Tech caught between regulation and profit

    July 3, 2023
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Sam Altman - OpenAI Chief Executive Officer
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The European Union’s AI Act, which could be in place in the next two to three years, will be the first attempt by a Western government to regulate artificial intelligence.

    1. The act would ban AI in extreme cases, such as for the kind of social scoring used in China, where citizens earn credit based on surveilled behaviour.
    2. The act would also put guardrails on generative AI, an umbrella category of machine-learning algorithms capable of creating new images, video, text and code.
    3. Big tech companies have welcomed the EU’s approach to regulating AI, but they have also tried to soften the edges of the legislation.
    4. For example, companies have argued that users should also be liable for how AI systems are used.
    5. IBM has also lobbied to ensure that “general-purpose AI” is excluded from the regulation.
    6. The European Parliament has taken a tougher approach to regulating AI than the European Commission, and has mandated that developers of “foundation models” like OpenAI must summarize the copyrighted materials used to train large language models, assess the risks that the system could pose to democracy and the environment, and design products incapable of generating illegal content.
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleFirst Asian automaker to enter SA market with a fully electric car
    Next Article De Beers and Botswana seal a shiny deal

    Related Posts

    Botswana Taxis Go Cashless

    April 19, 2026

    Evaluating PayShap After Three Years: Key Takeaways

    April 18, 2026

    TCL Unveils 2026 Product Lineup for South Africa

    April 17, 2026
    Top Posts

    Seven Families Sue OpenAI In ChatGPT Suicide Scandal

    November 10, 2025

    Construction Boom Delivers 176,000 Jobs as Unemployment Eases

    November 11, 2025

    Volkswagen Chief Praises Chinese Competition for Sparking Innovation

    November 7, 2025

    WomenIN Festival 2025 – Limitless: No Labels, No Limits, No Apologies

    November 9, 2025
    Don't Miss

    American investment company scores big after backing South Africa

    INVESTING

    Van Eck Associates Corp. started buying South African bonds during the biggest selloff on record…

    Mining Boom Lifts Congo’s GDP Above Ethiopia

    April 20, 2026

    Spear Expands with R442m Retail Buy in Cape Flats

    April 20, 2026

    Botswana Taxis Go Cashless

    April 19, 2026
    Stay In Touch
    • Twitter
    • LinkedIn
    • Facebook
    About Us
    About Us

    From the latest product launches and company earnings to economic trends and industry disruptions, we distill the most critical details and implications – breaking through the jargon and wordiness to give you just what matters most.

    Facebook X (Twitter) LinkedIn
    Categories
    • TRENDING
    • EXECUTIVES
    • COMPANIES
    • STARTUPS
    • GLOBAL
    • AGRICULTURE
    • DEALS
    • ECONOMY
    • MOTORING
    • TECHNOLOGY
    contact us
    • Get In Touch
    © 2026 Business Explainer
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.