The EU AI Act (2024) is the world's first comprehensive AI regulation — and will shape global AI development for years.
Risk-Based Framework
- Unacceptable risk: Banned outright — social scoring, certain biometric surveillance
- High risk: Strict requirements — AI in hiring, credit, healthcare, law enforcement
- Limited risk: Transparency obligations — chatbots must disclose they're AI
- Minimal risk: No requirements — spam filters, AI games
Penalties
Up to €35 million or 7% of global turnover for the most serious violations.
Reference:
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