European lawmakers have approved the world's first comprehensive regulations for AI, known as the AI Act. The legislation, which received strong support from the European Parliament, aims to ban certain high-risk AI applications and increase transparency requirements. The banned applications include real-time facial recognition, emotion recognition systems, social scoring systems, and predictive policing tools. - While not banned outright, riskier AI applications such as resume scanners and AI for children will face extra scrutiny.
- Generative AI models like ChatGPT and Bard were initially not covered by the Act but were later included with transparency requirements.
- The next step involves negotiations between representatives from the European Parliament, European Commission, and Council of the European Union to finalize the law.
- Once passed, there will be a two-year grace period before EU member states can enforce the rules, with violations potentially resulting in significant fines.
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