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CNBC June 14, 2023
Key Points
– The European Union’s AI Act is the first comprehensive set of regulations for the artificial intelligence industry.
– The law proposes requiring generative AI systems, such as ChatGPT, to be reviewed before commercial release. It also seeks to ban real-time facial recognition.
– It comes as global regulators are racing to get a handle on the technology and limit some of the risks to society, including job security and political integrity.
The European Parliament has approved the bloc’s landmark rules for artificial intelligence, known as the EU AI Act, clearing a major hurdle for the first formal regulation of AI in the West to become law.
AI has become a key battleground in the global tech industry...
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