The EU Council has approved the very first legislations intended to harmonise Artificial Intelligence. Commonly referred to as the AI Act, this legislation intends on regulating this new emerging technology using a risk-based approach, i.e., the higher the risk, the stricter the rules. AI systems that have limited risk would be subject to light obligation, while high risk systems be subject to a set of requirements and obligations to gain access to the EU market. AI technologies such as cognitive behaviour manipulation, and social scoring will be banned from the EU Market.
One thing to note is that this legislation is the very first of its kind globally and could set the standard for the global regulation and harmonisation of this emerging technology.
The AI Act intendeds to strike a balance between the development of AI systems across the EU as well as to ensure that the fundamental rights of EU citizens are respected.
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