The draft regulation aims to ensure that AI systems placed on the European market and used in the EU are safe and respect #fundamentalrights and EU values. This landmark proposal also aims to stimulate #investment and #innovation on AI in Europe.
The agreement effectively addresses a global challenge in a fast-evolving technological environment on a key area for the future of our societies and economies. It managed to keep an extremely delicate balance: boosting innovation and uptake of artificial intelligence across Europe while fully respecting the fundamental rights of our citizens.
The AI act is a #flagshiplegislativeinitiative with the potential to foster the development and uptake of safe and trustworthy AI across the EU’s single market by both private and public actors.
The main idea is to regulate AI based on the latter’s capacity to cause harm to society following a ‘risk-based’ approach: the higher the risk, the stricter the rules. As the first legislative proposal of its kind in the world, it can set a global standard for #AIregulation in other jurisdictions, just as the #GDPR has done, thus promoting the European approach to #techregulation on the world stage.
https://www.consilium.europa.eu/en/policies/artificial-intelligence/