The European Union Parliament made a significant stride in technology regulation by endorsing the world’s first comprehensive regulatory framework for artificial intelligence (AI), positioning Europe as a leader in setting global standards for AI.
This landmark decision, which saw 523 votes in favor, came after achieving a provisional political consensus in early December.
Thierry Breton, the European Commissioner for the internal market, celebrated Europe’s newfound status as a global standard-setter in AI, CNBC reports.
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Introduced in 2021, the EU AI Act categorizes AI technologies based on their risk levels, ranging from unacceptable risks, which will lead to ...