AI Regulation and Innovation: Europe’s New Act and Global Implications

Explore the groundbreaking AI Act by the European Union, setting a global standard for AI regulation with a focus on safety and ethics. Discover how this legislation impacts high-risk applications and generative AI, and its potential influence on global AI governance. Plus, delve into Peking University's new benchmark for evaluating numerical understanding in AI, and learn about UnifyApps' innovative approach to AI integration, backed by a $20M investment. Finally, gain insights into the projected $237.4 billion growth of the AI market, driven by advancements in fraud prevention and cloud-based services. Join us as we navigate the evolving landscape of AI regulation, innovation, and market dynamics.

Sources:
https://apnews.com/article/ai-act-european-union-chatbots-155157e2be2e42d0f1acca33983d8c82
https://www.marktechpost.com/2024/11/09/researchers-at-peking-university-introduce-a-new-ai-benchmark-for-evaluating-numerical-understanding-and-processing-in-large-language-models/
https://techcrunch.com/2024/11/08/unifyapps-ai-powered-app-integration-platform-grabs-20m-from-iconiq-growth/
https://curated.tncontentexchange.com/partners/pr_newswire/industry/computer_electronics/artificial-intelligence-market-to-grow-by-usd-237-4-billion-from-2024-2028-as-ai/article_3091164f-a9d7-5c65-a57b-4e56febe0823.html

Outline:
(00:00:00) Introduction
(00:00:44) Europe's AI Act: How does it work and what happens next?
(00:04:26) Researchers at Peking University Introduce A New AI Benchmark for Evaluating Numerical Understanding and Processing in Large Language Models
(00:07:33) AI-powered app integration platform UnifyApps grabs $20M from ICONIQ Growth
(00:11:34) Artificial Intelligence Market to Grow by USD 237.4 Billion from 2024-2028, as AI-Driven Fraud Prevention and Malicious Attack Protection Boost Market