Lawmakers in the EU have approved the world’s first comprehensive regulations for artificial intelligence (AI), marking a significant milestone in the global effort to regulate AI technology.
The European Parliament’s vote paves the way for these rules to become law and potentially serve as a model for other jurisdictions pursuing similar regulations.
According to AP News, The European Union’s initiative to establish guidelines for AI has gained urgency due to the rapid advancements in technologies like chatbots, exemplified by ChatGPT, which highlight both the benefits and risks associated with AI.
The proposed legislation, introduced in 2021, will govern the use of AI systems in various products and services. It introduces a classification system that categorizes AI applications into four risk levels, ranging from minimal to unacceptable.
Higher-risk applications, including those related to hiring and technologies designed for children, will face more stringent requirements, such as increased transparency and the use of accurate data. The enforcement of these rules will be the responsibility of the EU’s 27 member states, who will have the authority to compel companies to withdraw their AI applications from the market if necessary.
In cases of severe violations, companies could face fines of up to 40 million euros ($43 million) or 7% of their annual global revenue. This could result in significant penalties for tech giants like Google and Microsoft, potentially amounting to billions of euros.
While the EU may not be at the forefront of cutting-edge AI development like the United States and China, it has gained recognition for its influential role in setting global standards through regulations. Brussels, the administrative center of the EU, has taken the lead in addressing the dominance of major tech companies.
Experts highlight that the EU’s large single market, encompassing 450 million consumers, provides an incentive for companies to comply with EU regulations rather than creating separate products for various regions. This unified approach facilitates easier compliance for businesses operating within the EU.
Maddy Troy serves as a writer and editor for Barrett News Media, with a specific focus on media business, advertising, and podcasting. You can find her on Twitter @Troy_Maddy.
Robert Dove Named Market Manager at Alpha Media Portland
“He knows Portland like no other broadcaster, has deep relationships and knowledge of our city’s intricacies, and will be a great addition to our team of Market Managers all across America.”
Former iHeartMedia Regional President Robert Dove has been named the new Market Manager at Alpha Media in Portland.
The Portland native will step into the shoes vacated after Lisa Decker announced her impending retirement. Decker worked as the cluster’s leader for the past seven years.
“I’m very excited to join the Alpha Media team. As a native Portlander having the chance to work with some of Portland radio’s most iconic brands is very rewarding and fulfilling,” said Dove. “I can’t wait to get started.”
Most recently, Dove has worked as the Managing Partner at a Portland advertising agency. He brings 36 years of broadcasting experience to the group, including a five-year run as the Regional President of iHeart, overseeing the Seattle, Portland, Spokane, Anchorage, and Fairbanks clusters.
“I am very excited to have Robert lead us to new heights, opportunities, and successes,” added Alpha Media CEO Bob Proffitt. “He knows Portland like no other broadcaster, has deep relationships and knowledge of our city’s intricacies, and will be a great addition to our team of Market Managers all across America.”
Portland serves as the Alpha Media headquarters. The cluster includes news/talk stations 101 KXL and Freedom 970.
Kevin Cassidy Named Market Manager at Audacy Chicago After Promotion of Rachel Williamson
“We are confident that Chicago will continue to thrive under Kevin’s guidance.”
Audacy has announced a pair of internal promotions that include a new leader at its Chicago cluster.
Rachel Williamson has been elevated to President of Local Sales Strategy and Innovation for the company. In her new role, she’ll report to Chief Revenue Officer Brian Benedik.
“I am looking forward to working with our incredibly talented leaders across Audacy to continue positioning the company as a premier partner for our advertisers,” said Williamson.
“We are thrilled to move Rachel into this new, important assignment,” said Benedik. “Her leadership experience and expertise with linear and digital audio and video will be a tremendous asset to growing our local business across Audacy.”
Williamson had served as the Market Manager and Regional Vice President of the company since 2020. She oversaw the Chicago, Madison, Milwaukee, and Minneapolis markets.
As a result of Williamson’s promotion, the company has elevated Kevin Cassidy to Senior Vice President and Market Manager of Audacy Chicago.
“With an impressive multiyear track record of success overseeing our New Orleans cluster, Kevin knows how to grow brands and deliver performance,” said Audacy Region President Brian Purdy. “We are confident that Chicago will continue to thrive under Kevin’s guidance.”
“It has been a remarkable experience representing our New Orleans brands over the last five years,” said Cassidy. “I’m excited to embark on the next chapter of my career and look forward to leading Audacy Chicago’s exceptional portfolio of stations.”
Before being named Market Manager of the company’s New Orleans cluster, he served as the sales manager of the company’s music brands in Dallas.
Westwood One Tabs Collin Jones to Replace Suzanne Grimes As President
“With his deep understanding of both Cumulus Media and Westwood One, Collin is uniquely qualified for this role and is well-prepared to harness the full power of our platform to help Westwood One grow.”
Westwood One has announced Suzanne Grimes has exited her role as President and will be replaced by Collin Jones. Grimes had led the organization for the past eight years.
“I would like to thank Suzanne for her invaluable contributions and her pivotal role in our success. Under her leadership, we launched the top-rated Cumulus Podcast Network, built the multi-platform Westwood One News/Talk franchise, and established the industry-leading Audio Active Group,” Cumulus Media President and CEO Mary Berner said. “Throughout her time with Cumulus, she has been a remarkable leader, colleague, and mentor to many, and we are certain she will accomplish great things wherever she chooses to share her talents next.”
Jones has worked at the company since 2011, and will continue to serve in his current role as Executive Vice President of Corporate Strategy & Development alongside his new duties as Westwood One President.
“I am excited for the opportunity to expand upon Suzanne’s successes,” Jones said. “Since acquiring Westwood One in 2013, I have been struck by the breadth of its capabilities, the strength of its content and service offerings, and its enormous influence on the broadening audio landscape. I look forward to working day-to-day with Westwood One’s creative, passionate, and talented team to fuel growth and unlock even more value for Cumulus Media and our shareholders.”
In addition to his roles with the company, Jones is the National Association of Broadcasters Radio Board Chairman and Vice Chairman of the Radio Music License Committee.
“With his deep understanding of both Cumulus Media and Westwood One, Collin is uniquely qualified for this role and is well-prepared to harness the full power of our platform to help Westwood One grow,” Berner added. “Collin has consistently demonstrated his savvy business acumen, effective management style, and collaborative spirit, and I have full confidence that he has the skills and the vision to build upon Suzanne’s considerable accomplishments.”