The European Union approves the world's first comprehensive AI legal framework, the Artificial Intelligence Act, regulating AI products based on risk.
The European Union's lawmakers have approved the 27-nation bloc's Artificial Intelligence Act, marking the world's first comprehensive legal framework for regulating AI. The Act classifies AI products according to risk and adjusts scrutiny accordingly, with high-risk products receiving the most oversight. The law, which is expected to act as a global guide for other governments grappling with AI regulation, is anticipated to come into force by 2024.
March 13, 2024
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