The European Union approves its landmark AI Act, setting global AI regulation standards.
The European Union's landmark AI Act has been approved, setting global standards for artificial intelligence regulation. The legislation, more comprehensive and stringent than the US's light-touch approach, imposes strict transparency obligations on high-risk AI systems and restricts governments' use of real-time biometric surveillance in public spaces. The AI Act will impact companies outside the EU using their customer data in AI platforms and serves as a benchmark for other countries and regions.
May 21, 2024
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