What is the EU AI Act?
The AI Act is a proposed European law on artificial intelligence (AI) – the first law on AI by a major regulator anywhere
In an attempt to limit the unlimmited possible influence of AI, this European law seeks protection and indentification of the risk areas for their citizens. From the source:
The law assigns applications of AI to three risk categories. First, applications and systems that create an unacceptable risk, such as government-run social scoring of the type used in China, are banned. Second, high-risk applications, such as a CV-scanning tool that ranks job applicants, are subject to specific legal requirements. Lastly, applications not explicitly banned or listed as high-risk are largely left unregulated.
Like the EU’s General Data Protection Regulation (GDPR) in 2018, the EU AI Act could become a global standard, determining to what extent AI has a positive rather than negative effect on your life wherever you may be.
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