European Union AI Act
The European Union's parliament approved the world's first major set of regulatory ground rules to govern artificial intelligence, dividing it into categories of risk and setting regulations to safeguard fundamental rights and innovation.
Key Points
- EU becomes global standard-setter in AI
- Regulation categorizes AI based on risk levels
- Act to enter into force by 2025
Pros
- Sets regulatory ground rules for AI
- Divides AI into categories of risk
- Safeguards fundamental rights and innovation
Cons
- Implementation challenges ahead
- Potential for quick obsolescence due to fast-evolving technology