The OECD has updated its definition of AI, which is expected to be included in the European Union’s AI Act. The new definition recognizes AI systems that can have emergent goals beyond their original objectives and expands the range of outputs AI can produce. It also considers the changes AI systems can undergo after deployment. The EU AI Act, currently in the final legislative phase, aims to be the first enforceable law on AI. This aligns with the broader initiative of establishing a common AI taxonomy between the EU and the US.
The OECD has modified its definition of AI which will extend to the EU AI Act
The Organisation for Economic Co-operation and Development (OECD) has updated its definition of AI, which will have an impact on the European Union’s AI Act. The new definition, developed in collaboration with the EU, provides a clear understanding of what constitutes an AI system.
Key points of the new definition:
– An AI system is a machine-based system that generates outputs like predictions, content, recommendations, or decisions based on the input it receives.
– Different AI systems have varying levels of autonomy and adaptiveness after deployment.
– AI systems can develop new objectives beyond their initial human-defined goals, known as “emergent goals.”
– AI systems can produce various types of outputs such as text, videos, or images.
The EU AI Act, currently being finalized, will be the first comprehensive AI law in the Western world. It aims to regulate the use of AI in various industries and ensure its trustworthiness.
To leverage the potential of AI for your company, consider the following steps:
1. Identify Automation Opportunities: Find key customer touchpoints that can benefit from AI.
2. Define KPIs: Ensure that your AI initiatives have measurable impacts on business outcomes.
3. Select an AI Solution: Choose tools that align with your specific needs and offer customization options.
4. Implement Gradually: Start with a small-scale pilot, collect data, and gradually expand the use of AI.
For advice on AI KPI management and to explore practical AI solutions, reach out to us at hello@itinai.com. Stay updated on leveraging AI by following us on Telegram t.me/itinainews or Twitter @itinaicom.
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