AI Companies Are Not Meeting EU AI Act Standards

By Kirsten Doyle for Information Security Buzz
Thursday, October 17, 2024

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Leading artificial intelligence (AI) models are failing to meet key European regulatory standards in areas such as cybersecurity resilience and prevention of discriminatory outputs, according to data obtained by Reuters.

“GenAI’s Future Looks Grim”

“The report elegantly summarizes the plethora of privacy, safety, and reliability issues with the largest GenAI models, which have been increasingly reported since late 2022,” commented Dr Ilia Kolochenko, CEO at ImmuniWeb, Partner & Cybersecurity Practice Lead at Platt Law LLP, and Adjunct Professor of Cybersecurity at Capitol Technology University.

He says the report is just the tip of the iceberg: “A comprehensive cards-on-the-table audit of LLM models, having full access to LLM’s training data, algorithms and guardrails, would probably expose numerous violations of dozens of other laws and regulations, not just EU AI Act or GDPR, which are most frequently used in modern-day GenAI-related litigation.”

Kolochenko says if we add to this the massive financial costs and irreparable damage to the environmental sustainability needed to train or fine-tune modern-day LLMs, growing antitrust regulatory scrutiny, and snowballing AI legislation around the world, “GenAI’s future looks grim, to put it mildly.” Read Full Article