EU’s AI Act is now in effect
Summary
The Act provides both developers and deployers with clear requirements and obligations regarding specific uses of AI while reducing administrative and financial burdens for businesses. Proposed by the Commission in April 2021 and agreed by the European Parliament and the Council in December 2023, the AI Act addresses potential risks to citizens’ health, safety, and fundamental rights. • Specific transparency risk: systems like chatbots must inform users that they are interacting with a machine, while certain AI-generated content must be labeled as such. • Unacceptable risk: for example, AI systems that allow “social scoring” by governments or companies are considered a clear threat to people’s fundamental rights and are therefore banned. The EU aims to lead in safe AI development through a strong regulatory framework based on human rights and fundamental values.