The EU has been at the forefront of AI regulation, with legislation going through parliament before ChatGPt was released.
The full act is available here, with a good overview here.
In the end this will take time to enact, and with the speed of development we may be in for a bumpy ride in between.
The proposal aims to establish harmonized rules for AI systems in the EU, ensuring safety and respect for fundamental rights.It requires the involvement of the Commission, Member States, and various authorities to implement and enforce the regulations.The financial impact includes operational and administrative appropriations, supporting the EU AI Board and the European Data Protection Supervisor.Monitoring, reporting, and control measures are planned to ensure effective implementation and prevent fraud and irregularities.The proposal will be periodically evaluated and reviewed, with reports submitted to the European Parliament and the Council.The expected im...
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