Saturday, May 10, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

EU approves controversial AI Act to mixed reactions

Simon Osuji by Simon Osuji
March 13, 2024
in Artificial Intelligence
0
EU approves controversial AI Act to mixed reactions
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The European Parliament today approved the AI Act, the first ever regulatory framework governing the use of AI systems. The legislation passed with an overwhelming majority of 523 votes in favour, 46 against and 49 abstentions.

“This is a historic day,” said Italian lawmaker Brando Benifei, co-lead on the AI Act. “We have the first regulation in the world which puts a clear path for safe and human-centric development of AI.”

The AI Act will categorise AI systems into four tiers based on their potential risk to society. High-risk applications like self-driving cars will face strict requirements before being allowed on the EU market. Lower risk systems will have fewer obligations.

“The main point now will be implementation and compliance by businesses and institutions,” Benifei stated. “We are also working on further AI legislation for workplace conditions.”

His counterpart, Dragoş Tudorache of Romania, said the EU aims to promote these pioneering rules globally. “We have to be open to work with others on how to build governance with like-minded parties.”

🚨BREAKING: The European Parliament has just APPROVED the AI Act. What everyone should know:

➵ The AI Act follows a risk-based approach. Some AI systems are banned, such as those involving:

– Cognitive behavioral manipulation of people or specific vulnerable groups;
– Social… pic.twitter.com/JiaA8qXEGx

— Luiza Jarovsky (@LuizaJarovsky) March 13, 2024

The general AI rules take effect in May 2025, while obligations for high-risk systems kick in after three years. National oversight agencies will monitor compliance.

Differing viewpoints on impact

Reaction was mixed on whether the Act properly balances innovation with protecting rights.

Curtis Wilson, a data scientist at Synopsys, believes it will build public trust: “The strict rules and punishing fines will deter careless developers, and help customers be more confident in using AI systems…Ensuring all AI developers adhere to these standards is to everyone’s benefit.”

However, Mher Hakobyan from Amnesty International criticised the legislation as favouring industry over human rights: “It is disappointing that the EU chose to prioritise interests of industry and law enforcement over protecting people…It lacks proper transparency and accountability provisions, which will likely exacerbate abuses.”

Companies now face the challenge of overhauling practices to comply.

Marcus Evans, a data privacy lawyer, advised: “Businesses need to create and maintain robust AI governance to make the best use of the technology and ensure compliance with the new regime…They need to start preparing now to not fall foul of the rules.”

After years of negotiations, the AI Act signals the EU intends to lead globally on this transformative technology. But dissenting voices show challenges remain in finding the right balance.

(Photo by Tabrez Syed on Unsplash)

See also: OpenAI calls Elon Musk’s lawsuit claims ‘incoherent’

Want to learn more about AI and big data from industry leaders? Check out AI & Big Data Expo taking place in Amsterdam, California, and London. The comprehensive event is co-located with other leading events including BlockX, Digital Transformation Week, and Cyber Security & Cloud Expo.

Explore other upcoming enterprise technology events and webinars powered by TechForge here.

Tags: ai, ai act, artificial intelligence, eu, europe, european parliament, law, legal, Legislation, Politics





Source link

Related posts

6 Best Massage Guns of 2025, Tested and Reviewed by WIRED

6 Best Massage Guns of 2025, Tested and Reviewed by WIRED

May 10, 2025
Buy Now or Pay More Later? ‘Macroeconomic Uncertainty’ Has Shoppers Anxious

Buy Now or Pay More Later? ‘Macroeconomic Uncertainty’ Has Shoppers Anxious

May 10, 2025
Previous Post

Gurobi Launches “Gurobi Gives Back” Program to Support Non-Profit Organizations Worldwide

Next Post

Residents of Obafemi-Owode LGA Decry Dilapidated Road Conditions, Seek Government Intervention

Next Post
Residents of Obafemi-Owode LGA Decry Dilapidated Road Conditions, Seek Government Intervention

Residents of Obafemi-Owode LGA Decry Dilapidated Road Conditions, Seek Government Intervention

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Tanzania picks London to launch oil and gas licensing after 10 years of hiatus

Tanzania picks London to launch oil and gas licensing after 10 years of hiatus

2 days ago
800 Billion SHIB Moved, What Does it Mean?

800 Billion SHIB Moved, What Does it Mean?

1 year ago
Insurgents scatter as Nigeria rules the air

Insurgents scatter as Nigeria rules the air

1 year ago
Athol Fugard, South African Playwright, Captured Humanity’s Struggles with Empathy

Athol Fugard, South African Playwright, Captured Humanity’s Struggles with Empathy

2 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.