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The European Union approves the world's first Artificial Intelligence law
The EU gives the green light to the first artificial intelligence law in the world .
The project aims primarily to establish regulations for artificial intelligence (AI) based on its risks to society. It is emphasized that as the risk increases, stricter rules apply.
Dubbed a “flagship legislative initiative” by the Council, the AI Act seeks to foster the development and adoption of safe and trustworthy AI across the EU Single Market, by both public and private actors.
It is important to note that this provisional agreement is subject to ratification by the European Parliament and the Council of the EU. This step comes at a crucial time, as AI is experiencing rapid growth and becoming a relevant player in various sectors.