AFP and Other Media Giants Call for Global AI Regulation to Protect Integrity

Several top global news and publishing organizations, including Agence France-Presse (AFP), European Pressphoto Agency, Getty Images, and others, have signed an open letter addressing policymakers and industry leaders. They are urging the establishment of a regulatory framework for generative AI models to preserve public trust in media and protect the integrity of content.

The letter, entitled “PRESERVING PUBLIC TRUST IN MEDIA THROUGH UNIFIED AI REGULATION AND PRACTICES,” outlines specific principles for the responsible growth of AI models and raises concerns about the potential risks if appropriate regulations are not implemented swiftly.

Proposed Regulations

Among the proposed principles for regulation, the letter emphasizes:

Transparency: The disclosure of training sets used in the creation of generative AI models, enabling scrutiny of potential biases or misinformation.

Intellectual Property Protection: Safeguarding the rights of content creators, whose work is often utilized without compensation in training AI models.

Collective Negotiation: Allowing media companies to collectively negotiate with AI model developers over the use of proprietary intellectual property.

Identification of AI-Generated Content: Mandating clear, specific, and consistent labeling of AI-generated outputs and interactions.

Misinformation Control: Implementing measures to restrict bias, misinformation, and abuse of AI services.

Concerns and Risks

The letter details potential hazards if regulations are not promptly put in place. These include erosion of public trust in media, violations of intellectual property rights, and the undermining of traditional media business models.

Generative AI models are capable of producing and distributing synthetic content on a scale previously unseen, potentially leading to the distortion of facts and the propagation of biases. Additionally, the letter highlights the financial impact on media companies, which may see their content disseminated without attribution or remuneration, threatening the sustainability of the industry.

A Call for Global Standards

The signatories are not only seeking immediate regulatory and industry action but also expressing support for consistent global standards applicable to AI development and deployment. While recognizing the potential benefits of generative AI technology, the letter emphasizes the necessity of responsible growth to protect democratic values and media diversity.

Though the letter applauds some efforts made within the AI community and various governments to address these concerns, there is a collective call to further the dialogue and advance regulations. The signatories express eagerness to be part of the solution, ensuring that AI applications continue to thrive while respecting the rights of media companies and individual journalists.

U.S. Government’s Recent Initiatives in AI Regulation

Global concerns regarding AI regulation, encompassing privacy, security, copyright, and misuse, have been met with recent initiatives by U.S. governmental bodies.

On July 13, 2023, the U.S. Federal Trade Commission (FTC) began a thorough check into ChatGPT over consumer protection concerns. OpenAI, the company behind ChatGPT, received a 20-page demand for records from the FTC, which is particularly investigating whether OpenAI’s handling of AI models has been unfair or misleading, possibly causing damage to people’s reputations.

On July 26, 2023, the SEC proposed new rules to prevent potential conflicts of interest arising from investment advisers and broker-dealers using predictive data analytics and AI. The SEC chairman Gary Gensler has even expressed concerns that AI may lead to the next financial crisis.

Image source: Shutterstock


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Jimmy Fallon Fights Subpoena in NFT Legal Battle

The current litigation between Yuga Laboratories Inc. and Ripps et al. has brought attention to the intellectual property and trademark rights that are associated with the NFT industry. In a separate case involving Yuga Laboratories and securities fraud, Fallon is a co-defendant with Paris Hilton. During his program, Fallon disclosed that he had purchased a non-fungible token (NFT) issued by the Bored Ape Yacht Club. Notwithstanding this, Fallon’s legal team asserts that their client is not a party to the lawsuit involving Yuga Laboratories and Ripps and has nothing to do with the aforementioned case.

Collectors now have a new option to acquire rare pictures in NFT format as a result of a cooperation between Getty Images and Candy Digital. Beginning on March 21, customers will be able to make purchases of the NFTs on Candy Digital’s website. Prices for the NFTs will range anywhere from $25 to $200. The United States of America, the United Kingdom of Great Britain, and Japan are just some of the locations where consumers will be able to purchase the new release.

With the purpose of providing real-time insights into the digital asset ecosystem, Forkast Labs has introduced a number of NFT indexes, one of which is the Forkast 500 NFT index, which evaluates the performance of digital assets on 21 different blockchains. These indexes attempt to give a more complete measure of the health of the NFT economy, which is difficult to determine using standard market rankings based on prices, sales, and transaction volumes. These indices aim to provide a more comprehensive assessment of the health of the NFT economy.

The trade volume on the NFT market surpassed $2.04 billion in February, representing a 117% increase from January’s figure of $941 million, indicating that the sector is expanding. Its expansion is attributable to Blur, a developing market that just overtook OpenSea in trade volume. This month alone, Blur eclipsed OpenSea. Even while there are indications that a positive trend is developing in the market, the NFT area is still in the process of evolving, with new possibilities and legal conflicts forming.


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