- This was defined in a European Union agreement. This may be the first major set of laws regulating AI in the world.
- The AI Act will categorize AI tools based on the level of risk they pose. Companies that use high-risk tools will need to be extremely transparent in their activities.
- The European Commission has started work on AI Act about two years ago to oversee the development of new AI technologies.
- The AI Act may undergo minor technical changes before a crucial committee vote on May 11, but is expected to be presented for a plenary vote in mid-June.
So you can understand: