PYMNTS.com December 15, 2023
The holidays are approaching, and generative artificial intelligence shows no sign of slowing down.
A provisional deal on landmark European Union rules governing the use of AI was reached Dec. 8 after three days and 36 hours of political back-and-forth.
The AI Act makes Europe the first major world power to enact laws around AI, and the bill covers various aspects of AI use, including governments’ use of AI in biometric surveillance and the regulation of AI systems like ChatGPT.
But is the EU’s first-of-its-kind AI Act historic, or prehistoric? PYMNTS explored the key takeaways of the new rules, which won’t go into effect for another two years, Wednesday (Dec. 13).
As for the rest of the AI landscape, progress...
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