About EU AI Act
The EU Artificial Intelligence Act is a significant legislative proposal that aims to regulate the use of AI in the European Union. The Act will become law once both the Council, representing the 27 EU Member States, and the European Parliament agree on a common version of the text.
Here are four key features of the EU AI Act
- Broad Scope: The Act applies to all AI systems used or sold in the EU, regardless of where the provider is based.
- Risk-Based Approach: The Act categorizes AI systems based on their potential impact on rights and safety, with stricter rules for higher-risk AI.
- Transparency Requirements: The Act mandates that AI systems be transparent and explainable, with clear information provided about their capabilities and limitations.
- Enforcement Mechanisms: The Act establishes a robust enforcement framework, with significant penalties for non-compliance.