Known as the EU AI Act, this legislation categorizes AI technology into different risk levels, ranging from “unacceptable” to high, medium, and low hazard

The EU AI Act: Regulating Artificial Intelligence

The European Union’s Parliament has recently approved the world’s first major set of regulatory ground rules to govern artificial intelligence (AI). Known as the EU AI Act, this legislation categorizes AI technology into different risk levels, ranging from “unacceptable” to high, medium, and low hazard.

The EU AI Act is expected to enter into force at the end of the legislature in May, following final checks and endorsement from the European Council. The regulation divides AI technology into categories based on risk levels, with unacceptable risks leading to a ban on certain technologies. High-risk AI systems that negatively impact safety or fundamental rights will face stringent requirements and will be assessed before being put on the market and throughout their lifecycle.

One notable aspect of the EU AI Act is its focus on transparency. Generative AI models like ChatGPT will need to comply with transparency requirements and EU copyright law. This means that AI systems used in the EU must be safe, transparent, traceable, non-discriminatory, and environmentally friendly.

The EU AI Act establishes obligations for both providers and users of AI technology, with the level of risk posed by the AI technology determining the specific requirements. Additionally, the act includes provisions for banning certain uses of AI deemed to pose unacceptable risks.

Overall, the EU AI Act represents a significant step forward in regulating AI technology. By setting clear guidelines and requirements, the EU aims to ensure the responsible and ethical use of AI within its member states.

Sources:
– [1] [CNBC: World’s First Major Act to Regulate AI Passed by European Lawmakers](https://www.cnbc.com/2024/03/13/european-lawmakers-endorse-worlds-first-major-act-to-regulate-ai.html)
– [2] [European Parliament: EU AI Act: First Regulation on Artificial Intelligence](https://www.europarl.europa.eu/topics/en/article/20230601sto93804/eu-ai-act-first-regulation-on-artificial-intelligence)
– [3] [EU Artificial Intelligence Act](https://artificialintelligenceact.eu/the-act/)
– [4] [Time: The EU has Passed the World’s First Comprehensive AI Law](https://time.com/6903563/eu-ai-act-law-aritificial-intelligence-passes/)
– [5] [EU Artificial Intelligence Act: Up-to-date Developments and Information](https://artificialintelligenceact.eu)