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EU approves world's most comprehensive AI rules
Financial Express Mumbai
|March 14, 2024
New law intended to address worries about bias, privacy
THE EUROPEAN UNION (EU) is enacting the most comprehensive guardrails on the fast-developing world of artificial intelligence (AI) after the bloc's parliament passed the AI Act on Wednesday.
The landmark set of rules, in the absence of any legislation from the US, could set the tone for how AI is governed in the Western world. But the legislation's passage comes as companies worry the law goes too far and digital watchdogs say it doesn't go far enough.
"Europe is now a global standard-setter in trustworthy AI," Internal Market Commissioner Thierry Breton said in a statement
The AI Act becomes after member states sign off, which is usually a formality, and once it's published in the EU's Official Journal.
This story is from the March 14, 2024 edition of Financial Express Mumbai.
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