Last week, EU has taken a bold step forward with the AI Act, aiming to shape the future of artificial intelligence. With its recent approval, the Act sets out to balance innovation with ethical use.
Here's what you need to know about EU's AI Act:
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💡 It follows a risk-based approach. Some AI systems are banned, such as:
1. Manipulating behavior or targeting vulnerable groups
2. Social scoring based on personal traits
3. Biometric identification & categorization
4. Real-time remote biometric systems, like facial…
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💡High-Risk System includes:
1. Essential services like transport, education, healthcare, employment, law enforcement, and more.
2. These AI systems must undergo thorough assessment before and after hitting the market.
3. People can report concerns to national authorities.
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💡Generative AI (e.g., ChatGPT):
1. Not high-risk, but must meet transparency and copyright rules.
2. Obligations include disclosing AI-generated content, avoiding illegal content creation, and summarizing copyrighted training data.
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💡 Timeline & Compliance:
1. The AI Act becomes law around May/June.
2. Staggered enforcement: bans in 6 months, general AI rules in 1 year, full Act enforceable in 2 years.
3. Heavy fines for violations: up to €35 million or 7% of global turnover.
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