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.

Impact on Businesses and Developers

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