The Artificial Intelligence Act

📰 The Artificial Intelligence Act sees a significant development as the Council of the European Union and European Parliament reach an agreement on the inaugural set of global rules for AI 📰

💡 The AI act represents a key legislative effort poised to encourage the growth and adoption of secure and reliable AI throughout the EU’s single market, involving both private and public entities. The central concept is to regulate AI based on its potential to pose societal harm, employing a ‘risk-based’ approach where higher risks correspond to more stringent rules. As the world’s inaugural legislative proposal of this nature, it has the potential to establish a global benchmark for AI regulation, similar to the impact of the GDPR, thereby advancing the European perspective on tech regulation on the global stage.

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