Earlier this month, the European Parliament passed the Artificial Intelligence Act by a wide majority, with 523 of its 705 members voting in favor.
Hailed as the worldโs first major effort to regulate AI, the legislation takes a risk-based approach to services and products that use AI.
Brando Benifei, the key legislator who worked on the act, celebrated the decision in parliament, saying โWe finally have the worldโs first binding law on artificial intelligence, to reduce risks, create opportunities, combat discrimination, and bring transparency.โ
But others worry that the AI Act is too favorable to industry interests, and there are concerns it sets a bad precedent for other countries.
According to Laura Lazaro Cabrera, from the Center for Democracy and Technology, โFor those advocating for human rights, the AI Act is a mixed bag. Whilst we can rightly celebrate that privacy and other human rights are foregrounded in the law, there are too many exemptions that could lead to harmful AI systems posing serious risks to citizens, particularly those in vulnerable situations, such as at borders.โ
The process of actually implementing the law still has a long way to go, giving companies time to work out how to comply.
Do you think the Act goes far enough? Find out more and make your mind up.