RLP Blog

EU Artificial Intelligence Act

Negotiators at the European Parliament and Council have finalized a provisional agreement on the Artificial Intelligence Act, marking a significant milestone in tech governance! The regulation aims to safeguard fundamental rights, democracy, the rule of law, and environmental sustainability from potentially risky AI technologies, while also fostering innovation and positioning Europe as a global leader in this field.

Here are the highlights:

1️⃣ The rules impose obligations on AI systems based on their potential risks and impact levels.

2️⃣ Restrictions on Certain Uses: Notable limitations include curbing biometric identification systems by law enforcement and imposing bans on social scoring and AI that exploits user vulnerabilities.

3️⃣ Consumers will have the right to launch complaints, ensuring transparency and accountability through meaningful explanations.

⚠️ Non-compliance may result in hefty fines for companies, ranging from 35 million euros or 7% of their global turnover to 7.5 million euros or 1.5% of turnover, depending on the severity of the infringement and the company's size.

This legislation not only sets boundaries but also fosters responsible AI development, ensuring ethical and safe technology deployment, and providing a framework for its implementation.

Read more about the Artificial Intelligence Act and its implications → https://lnkd.in/ebvncQCa

#AIRegulation #TechGovernance #EUAIAct