Companies that fail to comply with the rules can be fined up to seven percent of their global turnover.
The AI Act also includes bans on biometric systems that identify people based on sensitive characteristics, with safeguards and exemptions for law enforcement use of these systems.
The AI Act includes obligations for high-impact AI systems, transparency requirements, and the right for citizens to launch complaints.
The European Union has reached a provisional agreement on the world's first comprehensive set of rules to govern Artificial Intelligence (AI), known as the AI Act.
The European Union (EU) has reached a provisional agreement on the world's first comprehensive set of rules to govern Artificial Intelligence (AI), known as the AI Act. This agreement, which followed a 37-hour negotiation between the European Parliament and EU member states, puts the EU ahead of the US, China, and the UK in the race to regulate AI.
The AI Act includes obligations for high-impact AI systems, transparency requirements, and the right for citizens to launch complaints. It also includes bans on biometric systems that identify people based on sensitive characteristics. However, there are safeguards and exemptions for law enforcement use of biometric systems.
The AI Act aims to protect the public from the potential risks associated with AI technology. Companies that fail to comply with the rules can be fined up to seven percent of their global turnover. The EU's strong and comprehensive regulation could serve as an example for other governments considering AI regulation.
The AI Act is expected to take effect soon, marking a significant step in the global effort to regulate AI technology.