Sunday, August 11, 2024

EU AI Act Takes Effect, Industry Reacts - Ben Wodecki, AI Business

As the world's first comprehensive AI law comes into force aiming to protect citizens' rights, businesses face steep penalties for non-compliance. Europe's pioneering framework for innovative and safe AI. It will drive AI development that Europeans can trust. And provide support to European SMEs and startups to bring cutting-edge AI solutions to market. The act categorizes AI applications used across the bloc by their risk level, with applications that could violate citizens’ rights facing outright bans. High-risk AI systems are subject to stringent obligations, requiring users to conduct thorough risk assessments, maintain detailed logs of AI usage and ensure human oversight.