World’s First Act To Regulate AI Is Passed?!

( – The European Union has officially approved the world’s first set of regulatory rules for artificial intelligence.

The push for regulation and rules for AI has been in the works since the technology was developed, and it’s something that has been diligently worked towards as the technology has been advancing.

“Europe is NOW a global standard-setter in AI,” Theirry Breton the European commissioner for internal market said. Roberta Metsola, the president of European Parliaments, said that it was “trailblazing” and that it would enable innovation while setting safety precautions.

Many lawmakers are happy to see rules being put in place, but they say that the biggest problem here will be implementation. According to the EU AI Act, there are three different categories of risk which range from unacceptable, to high, medium, and low hazard. Unacceptable behavior could get the technology banned.

The potential problems and hazards that come with AI have been at the forefront of development and even large technology companies such as Microsoft, Apple, and Google have dove into AI. One of the potential risks is misinformation; for the upcoming election, many lawmakers are worried about the spread of misinformation and false news made up by artificial intelligence.

Legal professionals are happy about the new rules that are set in place and they hope that this can pave the way for other countries to follow suit and come up with regulations and rules of their own.

The EU has stepped up quickly to bring a set of regulations and many people are not surprised that it was the EU that took the lead on these limitations.

“Once again, it’s the EU that has moved first, developing a very comprehensive set of regulations,” said Steven Farmer who is a partner and AI specialist for law firm Pillsbury.

Others have spoken on the new regulations saying that it is a start but that businesses and companies would need to work closely with lawmakers to understand how the rules will be implemented. Some others have said that these rules are beneficial, but that they could be outdated quickly with how fast this technology advances.

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