Foundation models are not new to society or technological development. The deep neural network and self-supervised learning they are based on have existed for decades. However, the explosion and ramping up in user adoption of apps based on Large Language Models (LLMs) working on natural language processing (NLP) has shaken the whole tech industry during…
The World’s first hard-law horizontal legislation on artificial intelligence is currently nearing political agreement between the European Union’s (EU) three legislative branches, the European Parliament (EP), the Council of the European Union (the Council) and the European Commission (EC). Inter-institutional negotiations (or with their technical name, trilogues) continue, and there is an incredible amount of…
Introduction On September 26th, the European Commission prohibited the acquisition of the online flight booking service eTraveli by Booking Holdings, the leading provider of online hotel bookings in the European Economic Area (EEA). The Commission argues that the acquisition would have strengthened Booking’s dominant position in the market for online hotel bookings by enabling it…
The EU Artificial Intelligence Act (EU AI Act) is a landmark EU-originated legislative proposal to regulate artificial intelligence based on its potential to cause harm. Therefore, it can also be labelled as a risk-based regulation, meaning that the regulative burden and duties increase with the specific AI systems’ potential to cause harm. For close watchers…
You’ve probably all seen the terror ChatGPT has unleashed on white collars, from research analysts to copywriters, over the past two months. What about lawyers, economists, or paralegals working in competition law? Let’s summarise for those who haven’t heard yet: ChatGPT is a chatbot created by OpenAI. It became the fastest-growing app in history, reaching…
On April 21, 2021, the EU Commission adopted a proposal for a regulation (the AI Regulation) on “artificial intelligence systems” (AI systems), which it describes as “the first-ever legal framework on AI.” The AI Regulation will impose significant obligations impacting businesses across many, if not all, sectors of the economy. The AI Regulation will prove…
