EU Implements Groundbreaking Regulations for Artificial Intelligence

1 min read
Source: Fox Business
EU Implements Groundbreaking Regulations for Artificial Intelligence
Photo: Fox Business
TL;DR Summary

European Union officials have reached a landmark deal on regulating artificial intelligence (AI) rules, paving the way for the world's first comprehensive legislation on AI. The proposed Artificial Intelligence Act, set to be voted on in 2022 and effective in 2025, would ban applications using cognitive behavioral manipulations and facial recognition databases created from internet or CCTV footage. It would also limit the use of biometric identification systems by law enforcement, with exemptions for specific cases. Consumers would have the right to launch complaints, and fines for violations could range from 1.5% to 7% of global turnover. The legislation aims to ensure transparency, protect rights and freedoms, and support innovation in the field of AI.

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