The European Union has granted final assent to the AI Act, the world's first comprehensive regulation governing artificial intelligence. The legislation sets rigorous limits for AI applications based on their risk level, prohibits high-risk uses such as social grading, and requires transparency. Companies that violate the Act face fines of up to €35 million, or 7% of global revenue.
The European Union has granted final assent to the AI Act, the world's first comprehensive regulation governing artificial intelligence. The legislation sets rigorous limits for AI applications based on their risk level, prohibits high-risk uses such as social grading, and requires transparency. Companies that violate the Act face fines of up to €35 million, or 7% of global revenue.