In global rush to regulate AI, Europe set to be trailblazer

13 Sept 12:55 Key points summarised by AI

The European Union is poised to enact the Western world's first comprehensive AI rules, the "AI Act," positioning itself as a global leader in governing rapidly evolving artificial intelligence.
Initially focused on narrow AI applications, EU lawmakers swiftly expanded the Act to include general-purpose AI systems like ChatGPT, recognizing their profound societal implications and the urgent need for oversight.
The legislation adopts a strict risk-based framework, prohibiting high-risk applications such as remote facial recognition and government social scoring, and requiring foundation models to disclose copyrighted training data.
The EU's "Brussels effect" is expected to compel companies worldwide to comply with the AI Act due to the bloc's market size, potentially making it a de facto global benchmark for AI governance.
While approval is imminent, the Act includes a grace period before full enforcement, prompting concerns about how to address new AI advancements that may emerge during this transitional phase.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.