EU adopts world's most comprehensive AI law
Amazon is offering its customers some new features for stress-free deliveries during the Christmas period. For the new year, there are new seller fees on Amazon and a forecast from Forrester—Will online retail in Europe grow again as it did before the pandemic? After numerous companies such as OpenAI, Amazon and Google launched their own AIs, it’s official: the new AI Act, the world’s first (and most comprehensive) AI law, is here. Find out what it says and more below.
News: Amazon
Amazon’s updates for deliveries around the holidays
Amazon is offering customers fast and convenient delivery options this season to help get through the holiday rush. Here are some of the features:
The “Arrives before Christmas” label on search and item detail pages.
Real-time shipment tracking, which can be shared with others using Amazon Share Tracking.
Same-day delivery, a same-day holiday gift guide for last-minute gifts and choose your own delivery day with Amazon Day.
Some features are limited to the US, such as the in-store pickup option at local retailers, package pickup at Amazon Locker or Amazon Key In-Garage Delivery for Prime members.
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News: E-Commerce
EU online retail back to pre-pandemic levels in 2024?
According to Forrester, online retail in the five largest European countries — Germany, the UK, France, Italy and Spain —is likely to return to pre-pandemic levels in 2024 with growth of 9%.
By 2028, this is expected to grow by 9.2%, i.e. from € 373 billion in 2023 to € 579 billion.
The share of total retail sales in the same period is forecast to rise from 16% to 22%
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News: AI in Online Retail
EU adopts world’s most comprehensive AI law
After lengthy negotiations, the “AI Act” has now been passed. General AI systems and models such as ChatGPT must meet transparency requirements prior to market launch, taking into account copyright, summaries of the data used to train the AI models and technical documentation.
Systems that pose a higher risk should undergo assessments and counter-tests and send reports on energy efficiency, safety and serious incidents to the European Commission.
In future, AI systems are to be divided into different risk groups.
The new laws are to be adopted by the beginning of 2024 and will probably not come into force until 2025.
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