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- 🤖 EU Sets Global AI Standards with Landmark Regulation
Good morning and welcome to the latest edition of neonpulse!
Today, we’re unpacking the EU's pioneering regulatory AI Act 🤖🏛️
EU Passes Historic AI Regulatory Act
The European Union has taken a pioneering step in AI governance by passing the first major AI regulatory act, setting a global precedent in the ethical and operational oversight of AI technologies. This landmark legislation, approved with a significant majority in the EU Parliament, reflects Europe's commitment to leading the global discourse on AI regulation.
The act, initiated in 2021, introduces a risk-based classification system for AI technologies, ranging from unacceptable to low risk, aiming to align AI deployment with societal values and ethical standards. European Commissioner Thierry Breton hailed Europe as a "global standard-setter in AI," highlighting the EU's leadership in shaping the future of AI regulation.
In a LinkedIn post, Barry Scannell an AI law expert and member of Ireland’s AI Advisory Council detailed the following as being prohibited AI systems under this new act by the end of 2024.
AI systems ban after 2024:
Exploitation of Vulnerabilities
Biometric Categorization
Manipulative and Deceptive Practices
Emotion Inference in Workplaces and Educational Institutions
Social Scoring
Real-time Biometric Identification
Facial Recognition Databases
Risk Assessment in Criminal Offences
Many of these programs were major concerns for both civil rights advocates and data rights activists. Many other provisions of the AI Act will come into effect within the next three to four years with hefty penalties for non-compliance.
The AI Act's comprehensive approach, including stringent penalties for non-compliance, signals a new era in AI legislation, potentially inspiring similar regulatory efforts in North America and the APAC region. As the AI market continues to grow and impact various industries, the EU's regulatory framework may serve as a blueprint for global AI governance, ensuring that technological advancements do not come at the expense of ethical standards and human rights.
Should other regions follow the EU's lead in implementing AI regulations? |
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