EU Parliament gives final nod to landmark AI law – The Economic Times

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LONDON: European Union lawmakers gave final approval to the 27-nation bloc’s artificial intelligence law Wednesday, putting the world-leading rules on track to take effect later this year.
Lawmakers in the European Parliament voted overwhelmingly in favor of the Artificial Intelligence Act, five years after regulations were first proposed. The AI Act is expected to act as a global signpost for other governments grappling with how to regulate the fast-developing technology.
“The AI Act has nudged the future of AI in a human-centric direction, in a direction where humans are in control of the technology and where it – the technology – helps us leverage new discoveries, economic growth, societal progress and unlock human potential,” Dragos Tudorache, a Romanian lawmaker who was a co-leader of the Parliament negotiations on the draft law, said before the vote.

Big tech companies generally have could pull out of Europe if it can’t comply with the AI Act – before backtracking to say there were no plans to leave.

Here’s a look at the world’s first comprehensive set of AI rules:
HOW DOES THE AI ACT WORK?

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Like many EU regulations, the AI Act was initially intended to act as consumer safety legislation, taking a “risk-based approach” to products or services that use artificial intelligence.

The riskier an AI application, the more scrutiny it faces. The vast majority of AI systems are expected to be low risk, such as content recommendation systems or spam filters. Companies can choose to follow voluntary requirements and codes of conduct. High-risk uses of AI, such as in medical devices or critical infrastructure like water or electrical networks, face tougher requirements like using high-quality data and providing clear information to users.

Some AI uses are banned because they’re deemed to pose an unacceptable risk, like social scoring systems that govern how people behave, some types of predictive policing and emotion recognition systems in school and workplaces.

Other banned uses include police scanning faces in public using AI-powered remote “biometric identification” systems, except for serious crimes like kidnapping or terrorism.

DO EUROPE’S RULES INFLUENCE THE REST OF THE WORLD?
Brussels first suggested AI regulations in 2019, taking a familiar global role in ratcheting up scrutiny of emerging industries, while other governments scramble to keep up.

In the U.S., President Joe Biden signed a working on their own AI legislation.

Chinese President Xi Jinping has proposed his Global AI Governance Initiative for fair and safe use of AI, and authorities have issued ” interim measures ” for managing generative AI, which applies to text, pictures, audio, video and other content generated for people inside China.

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