EU passes AI Act regulating AI systems by risk level

hollywoodreporter.com

The European Union passed the world's first comprehensive AI regulation law, the AI Act, expected to be in full force by mid-2026. It categorizes AI systems based on risk levels, with high-risk applications like AI in hiring or law enforcement facing stricter regulations. Violators risk fines up to 7% of global profits. Each EU country will establish an AI watchdog for enforcement. Other countries are following suit.


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