EU Parliament officially adopts AI Act – landmark regulation likely to become law in May
VentureBeat March 13, 2024
Nearly three years after draft rules were proposed, European Parliament lawmakers approved the AI Act today. The approval, which came a month earlier than expected, is the final endorsement of the first comprehensive regulation around high-risk AI systems, transparency for AI that interacts with humans, and AI systems in regulated products.
The act, which required the final endorsement of the EU Parliament, will now most likely enter into force this May. Italian lawmaker Brando Benifei, an AI Act co-lead, described it as “a historic day” in a press conference.
US companies need to prepare for EU AI Act regulation
The news is important for US companies, say experts, who must make sure they comply with the EU AI Act while...