The world’s most comprehensive AI regulation went into effect earlier this year in the European Union, affecting corporations in the US and around the world that are using or selling artificial intelligence systems in the EU.
The AI Act aims to protect consumers from the technology’s harms by focusing on risk to individuals. Higher-risk uses face more reporting obligations, and require companies to build more safety measures, than lower-risk applications.
For example, using AI to determine whether someone should get a job or a home loan falls into the “high-risk” category, while using AI to generate ideas or images may ...
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