EU Parliament Advances Tougher AI Regulations and Bans Harmful Use.

The European Parliament has agreed on stronger draft legislation for the Artificial Intelligence Act, which classifies AI tools according to their perceived level of risk. Riskier applications will face tougher rules, including transparency and data accuracy. The use of facial recognition in public spaces will be banned, with a few law enforcement exceptions, and predictive policing tools will also be banned. The bill is expected to be voted on in June before final terms are reached in three-way discussions also involving the Council of the European Union and the European Commission. Violations would include penalties of up to $33 million, or 6% of a company's annual global revenue.