Generative AI: Legal Challenges and Opportunities in the Crypto World
Artificial Intelligence has been very much in the news lately, and it seems that every day we hear about new amazing things that can be done with this technology. Yet with great power come great challenges. There are currently legal questions regarding A.I. content, that once sorted out, will open up brave new venues for using it, particularly in the crypto sector.
In Europe, an early EU agreement that may pave the way for the first comprehensive legislation controlling the technology requires companies using generative AI tools, such as ChatGPT, to report any copyrighted content used to construct their systems.
Nearly two years ago, the European Commission started drafting the AI Act to regulate the rapidly developing field of Artificial Intelligence, which saw a surge in interest and investment after OpenAI's AI-powered chatbot ChatGPT was made available.
Members of the European Parliament decided to continue to the next stage, named "the trilogue", where EU legislators and member states will work out the bill's final features.
The legislation is attempting to rank AI tools from low to limited, high, and unacceptable in terms of perceived danger. At stake are concerns regarding disseminating false information, biometric monitoring or using language that is biased.
Europe is not the only place where Generative AI is stirring legal controversy. The question of whether A.I. can apply for and be granted patents for generating content has been recently put to test in America's law courts, when a case was brought that sought to have an artificial intelligence system named as the inventor on a patent.
The US Supreme Court refused to hear the case, which may appear to have laid to rest the controversial idea that could have
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