The Council has approved the Artificial Intelligence Act, a pioneering global regulation for AI. This risk-based legislation imposes stricter rules on AI systems that pose higher risks to society. It categorizes AI by risk level, with low-risk systems having minimal requirements and high-risk systems needing to meet specific criteria to enter the EU market. Banned AI applications include cognitive behavioral manipulation, social scoring, predictive policing, and biometric categorization by race, religion, or sexual orientation.

Key features include:

– Requirements for general-purpose AI models.

– A new governance structure with an AI Office, scientific panel, AI Board, and advisory forum.

– Fines based on the company’s global annual turnover or a set amount.

– Increased transparency for high-risk AI systems.

– An innovation-friendly legal framework.

The law will be published in the EU’s Official Journal and take effect twenty days later.

The press release is available here.[/vc_column_text][/vc_column][/vc_row]