EU clears world´s 1st major law to regulate AI

News Excerpt:

Recently, European Union lawmakers approved the 27-nation bloc's artificial intelligence law, putting the world-leading rules on track to take effect later this year.

Key features of the new law:

  • The AI Act would nudge the future of AI in a human-centric direction, in a direction where humans are in control of the technology and where it helps us leverage new discoveries, economic growth, and societal progress and unlock human potential.
  • Like many EU regulations, the AI Act was initially intended to act as consumer safety legislation, taking a "risk-based approach" to products or services that use artificial intelligence.
    • The riskier an AI application, the more scrutiny it faces.
  • The vast majority of AI systems, such as content recommendation systems or spam filters, are expected to be low risk. 
    • Companies can choose to follow voluntary requirements and codes of conduct. 
  • High-risk uses of AI, such as in medical devices or critical infrastructure like water or electrical networks, face tougher requirements like using high-quality data and providing clear information to users.
  • Some AI uses are banned because they're deemed to pose an unacceptable risk, like social scoring systems that govern how people behave and some types of predictive policing and emotion recognition systems in schools and workplaces.
  • Other banned uses include police scanning faces in public using AI-powered remote "biometric identification" systems, except for serious crimes like kidnapping or terrorism.

Regulation of AI uses across the globe:

  • Brussels (Belgium) first suggested AI regulations in 2019, taking a familiar global role in ratcheting up scrutiny of emerging industries.
  • In the U.S., President Joe Biden signed a working on their own AI legislation.
  • China has proposed its Global AI Governance Initiative for fair and safe use of AI, and authorities have issued "interim measures" for managing generative AI, which applies to text, pictures, audio, video and other content generated for people inside China.

Related News: World’s First Law on Regulating AI Propose, The Art and craft of Deploying AI responsibly

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