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Artificial Intelligence Act (AI Act, 2024)
March 21 , 2024
45 days
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- The European Union’s parliament has approved the world’s first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment.
- The Act, which is intended to be a consumer protection law, imposes different levels of regulation based on the risk of the AI product at issue.
- These levels are:
- Unacceptable risk level AI systems:
- Which provide social scoring, infer the user’s emotions, impose deceptive techniques, assess the risk of an individual committing a crime, and take users’ real-time biometric data;
- High risk AI systems
- Which profile an individual’s work performance, economic situation, health, movement, or decision-making patterns without human review; and
- General purpose AI systems-
- Which are AI models trained on large amounts of data that self-supervise, such as Chat GPT.
- The Act prohibits unacceptable risk level AI systems.
- This Act is expected to come into force at the end of May 2024.
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