All That Matters 2023: Rage Against The Machine - Can the Law Regulate AI?

Coinlive is reporting at All That Matters held at Hilton Singapore Orchard! The panel consisting of Gregor Pryor, Managing Director of Reed Smith LLP who is moderating; Meng Ru Kuok, CEO and Co-founder of BandLab; Hazel Savage, VP Music Intelligence of SoundCloud; and Alisha Outridge, Chief Technology & Product Officer of TuneCore, dives into the topic “Rage Against The Machine - Can the Law Regulate AI?” AI's involvement in entertainment spans from content creation, recommendation algorithms, and even AI-generated characters. While it brings innovation and efficiencies, it also presents a Pandora's box of legal intricacies. Intellectual property rights, copyright infringement, and ownership disputes become increasingly complex when AI is the creator. Additionally, AI-driven recommendation systems raise concerns about privacy and bias, necessitating a robust legal framework to safeguard user rights and ensure equitable content dissemination. There is no global legal perspective when it comes to whether or not the AI sector has a training problem. In Europe: urgent work on a regulatory landscape, with a guiding principle of prohibition, subject to exceptions and choices. In the US: focus on industry-specific guidelines (at both federal and state level) in the absence of comprehensive legislation = litigation. In Singapore and other APAC countries: adapted to generative AI by creating an exception permitting AI companies to reproduce copyright works for training purposes. In China: interim measures announced August 2023 suggest that activities related to training must not infringe copyright. Yet, enforcing and adapting existing laws to AI can be akin to chasing a moving target. AI evolves rapidly, outpacing the development of regulations. Striking a balance between fostering innovation and upholding legal standards is a tightrope walk.