The European Union has proposed a new draft bill that requires companies using generative AI tools to disclose if any copyrighted material was used for training their AI systems.Â
This means that companies like ChatGPT, image generator Midjourney, etc, will need to be transparent about the materials used to develop their systems.
While some committee members initially suggested a complete ban on copyrighted material for training generative AI tools, the proposal was abandoned in favor of a transparency requirement.
The EU has taken a significant step in addressing the issue of copyright infringement specifically in the AI industry, which may prompt other countries to modify their copyright laws.
The upcoming EU rules may provide a solution to the contentious issue of generative AI systems being trained using non-licensed data available on the internet, which has been a point of contention between AI developers and artists, publishers, and others.
The final details of the bill for AI regulations are being worked out by members of the European Parliament. The already uncertain regulatory environment in the crypto industry is now faced with another dilemma.
Recently, Solana Labs announced a new ChatGPT Plugin via which users can check wallet balances, and transfer Solana-native tokens, and NFTs when OpenAI makes plugins accessible.
Even Binance announced the launch of “Binance Sensei,” an AI-powered Web3 instructor integrated into its Academy that will speed up user searches “to elevate the learning experience,” on its official website.
Let’s wait and watch how the new regulations on AI and its related products will affect its usage in the crypto industry as a whole.
