Europe doesn't just pass laws on Big Tech algorithms, it sets up cop shops to police them
Euro leaders officially opened the European Centre for Algorithmic Transparency on Tuesday, an institution that will support the regulation of social media and search algorithms.on November 16, platforms with more than 45 million users, dubbed"Very Large Online Platforms" and"Very Large Online Search Engines", must carry annual risk assessments outlining the steps taken to protect users from things like illegal content or disinformation.
Companies must detail how their algorithms work, and be transparent about how their software allows advertisers to target users or recommend content. The new rules are expected to apply from January 1, 2024. The ECAT will audit software and make sure Big Tech is playing by the rules. In an opening speech, Francesca Bria, European Digital Policy Expert and President of the Italian National Innovation Fund, said the development of AI was like opening the mythical Pandora's Box, unleashing"both evil and hope into the world."
"The growing complexity of dynamic scaling and deep learning led to massive investment in computing infrastructures and the race for the control of next generation hardware, which is crucial to train in the largest AI systems as we continue to push the boundaries of AI, it becomes evident that this systems only appear to be aligned with human values," she"The capabilities of AI systems tend to leapfrog as they grow in size and complexity.
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