How Will the EU's Draft Law on Regulating AI Affect Businesses Worldwide?
The European Union (EU) has recently taken a significant step towards regulating artificial intelligence (AI) by approving a draft law that outlines guidelines and requirements for AI systems.
Scope and Objectives of the Draft Law
The approved draft law covers a wide range of AI applications and systems, including both high-risk and non-high-risk AI.
Mandatory Requirements for High-Risk AI Systems
To ensure safety and ethical use of high-risk AI systems, the draft law mandates specific requirements. These include rigorous testing, risk assessment, and documentation processes.