E.U. Agrees on Artificial Intelligence Rules with Landmark New Law

Dec 8, 2023 ·

The European Union has passed the Artificial Intelligence Act (AI Act) in order to establish a framework for AI regulation. The AI Act seeks to ensure that EU regulations are appropriate, fair and enforceable on companies that use or develop AI technologies.

The act applies to both private and public entities that create or use AI systems. It states that AI systems must be used responsibly and ethically, and should meet certain requirements such as accuracy, reliability and data protection. Companies must also adhere to principles such as non-discrimination, transparency, accountability and fairness.

The AI Act provides an opt-in system that will enable companies to certify their AI systems to show that they have met the requirements set out in the Act. The certification process includes assessments from experts to ensure the AI compliance. In addition, the AI Act includes a penalty system which can be applied to companies that fail to adhere to the rules set out by the AI Act.

Overall, the AI Act is a major step forward for AI regulation in the EU. It provides a clear framework for businesses that wish to use AI technology, and helps protect people from potential harm caused by irresponsible or unethical use of AI systems. It also sets limits on the use of AI tech, helping to ensure that it is used responsibly and ethically.