It includes provisions for transparency, accountability, and human oversight, with a focus on high-risk AI applications.
The European Union has taken a proactive stance on AI regulation with the introduction of the EU AI Act. The act aims to set clear rules and guidelines for the development and deployment of AI systems. It includes provisions for transparency, accountability, and human oversight, with a focus on high-risk AI applications. The AI Act is expected to become law in early 2024, pending final EU procedures.