"EU's Landmark AI Act: What's Next for Regulation?"

1 min read
Source: The Associated Press
"EU's Landmark AI Act: What's Next for Regulation?"
Photo: The Associated Press
TL;DR Summary

European Union lawmakers have given final approval to the world-leading Artificial Intelligence Act, which is set to take effect later this year. The AI Act takes a risk-based approach, with low-risk AI systems facing voluntary requirements and high-risk uses, such as in medical devices or critical infrastructure, facing tougher regulations. The law also addresses generative AI models, requiring developers to provide detailed summaries of training data and follow EU copyright law. The rules are expected to influence global AI governance, with provisions set to start taking effect in stages, and violations could result in fines of up to 35 million euros or 7% of a company's global revenue.

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