AI regulation is slowly but surely catching up
The European Parliament has passed its long awaited AI act that it hopes will provide the legal infrastructure for regulating artificial intelligence.
While AI has contributed massively to increases in productivity and has resulted in major innovations in critical industries such as science and healthcare, many fear that the speed of its development may be outstripping the ability to regulate it.
The new act therefore provides a legal framework for categorizing and scrutinizing AI, and acts as a stepping stone towards future regulation.One small step for regulation, one giant leap for AI
A number of governments around the world have introduced individual laws and regulations to target specific issues related to AI, but this latest legislation from the European Parliament works by establishing a risk level for each product, with the highest risk products receiving the most scrutiny.
