May 230, 2023 /Business/ — The EU AI Act is a proposed piece of legislation that would regulate the use of artificial intelligence (AI) in the European Union. The Act would create a framework for the development and use of AI that is aligned with the EU’s values, such as respect for human rights and fundamental freedoms.
The Act would classify AI systems into three risk categories: unacceptable risk, high risk, and low risk. Unacceptable risk AI systems would be banned, while high-risk AI systems would be subject to strict requirements. Low-risk AI systems would be largely unregulated. Continue reading