Pioneering the Future: Exploring the World’s First EU Regulation on Artificial Intelligence

The EU regulation on Artificial Intelligence, known as the AI Act, is the first comprehensive set of regulations for the artificial intelligence industry in the world. The regulation aims to ensure a human-centric and ethical development of AI in Europe. The law proposes requiring generative AI systems, such as ChatGPT, to be reviewed before commercial release. It also seeks to ban real-time facial recognition. The rules include bans on biometric surveillance, emotion recognition, and predictive policing AI systems. The regulation proposes tailor-made regimes for general-purpose AI and foundation models like GPT.

The AI Act will classify AI systems according to the risk they pose to users, and the different risk levels will mean more or less regulation. The regulation also aims to boost citizens’ right to file complaints about AI systems and receive explanations of decisions based on high-risk AI systems that significantly impact their rights
. The European Parliament has approved the AI Act, clearing a key hurdle for the first formal regulation of AI in the West to become law. The EU’s AI Act is set to become a leader in regulating artificial intelligence, but whether it will lead on AI innovation still remains to be seen.

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