Europe agreed on world-leading AI rules. How do they work and will they affect people everywhere?
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WHAT IS THE AI ACT AND HOW DOES IT WORK?
The AI Act takes a “risk-based approach” to products or services that use artificial intelligence and focuses on regulating uses of AI rather than the technology. The legislation is designed to protect democracy, the rule of law and fundamental rights like freedom of speech, while still encouraging investment and innovation.
The riskier an AI application is, the stiffer the rules. Those that pose limited risk, such as content recommendation systems or spam filters, would have to follow only light rules such as revealing that they are powered by AI.
High-risk systems, such as medical devices, 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. ...
The AI Act won’t take effect until two years after final approval from European lawmakers, expected in a rubber-stamp vote in early 2024. Violations could draw fines of up to 35 million euros ($38 million) or 7% of a company’s global revenue. ...
See the full story here: https://www.seattletimes.com/business/europe-agreed-on-world-leading-ai-rules-how-do-they-work-and-will-they-affect-people-everywhere/
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