Europe eyes strict rules for artificial intelligence
According to a draft of its upcoming rules, obtained by POLITICO, the European Commission would ban certain uses of "high-risk" artificial intelligence systems altogether, and limit others from entering the bloc if they don't meet its standards. Companies that don't comply could be fined up to €20 million or 4 percent of their turnover. The Commission will unveil its final regulation on April 21.
The rules are the first of their kind to regulate artificial intelligence, and the EU is keen to highlight its unique approach. It doesn't want to leave powerful tech companies to their own devices like in the U.S., nor does it want to go by the way of China in harnessing the tech to fashion a surveillance state.
See the full story here: https://www.politico.eu/article/europe-strict-rules-artificial-intelligence/
