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The E.U.'s Artificial Intelligence Act: An Ordoliberal Assessment (2309.12336v1)
Published 19 Aug 2023 in cs.CY
Abstract: In light of the rise of generative AI and recent debates about the socio-political implications of large-LLMs and chatbots, this article investigates the E.U.'s Artificial Intelligence Act (AIA), the world's first major attempt by a government body to address and mitigate the potentially negative impacts of AI technologies. The article critically analyzes the AIA from a distinct economic ethics perspective, i.e., ordoliberalism 2.0 - a perspective currently lacking in the academic literature. It evaluates, in particular, the AIA's ordoliberal strengths and weaknesses and proposes reform measures that could be taken to strengthen the AIA.