July 6, 2023
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Regulation
Why pending AI laws are prompting businesses to panic
Digiday, 07/06/23. The impending regulations surrounding artificial intelligence in Europe are causing businesses to panic. The European Union’s AI Act will impose strict guidelines for the responsible and ethical use of AI, and non-compliant businesses could face significant fines. These fines would equate to 7% of global annual turnover or up to €40 million ($44 million), surpassing the penalties brought by the General Data Protection Regulation (GDPR). Concerns have been raised by industry leaders about the potential stifling of innovation, leading some companies to lobby for a reduction in the Act’s regulatory burden. Legal experts argue that the Act’s definitions are overly broad and may unintentionally impact certain areas.READ THE ARTICLE
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Toys
AI ChatGPT-powered smart toys are coming for the holidays. How to keep your kids safe.
USA Today, 07/06/23. In the near future, AI-powered smart toys will revolutionize playtime for kids. These interactive plushies, such as AI teddy bears, will be able to learn everything about a child and engage in meaningful conversations. They will not only entertain and teach lessons but also offer customized bedtime stories tailored to the child’s preferences and even their deepest secrets. However, privacy concerns arise as these toys may collect sensitive data and share it with third parties. To ensure safety, it is important to disable certain functionalities, enable parental controls, read privacy policies, and have the capability to reset the toy if needed. While AI toys are becoming more prevalent, finding alternatives and staying cautious will help protect the privacy of children and families.READ THE ARTICLE