The EU AI Act Newsletter #53: The Law Is Finally Adopted

The Council of the EU approved the AI Act and the law will now enter into force very soon. Legislative Process AI Act is finally adopted: The Council of the EU approved the AI Act on 21 May. This legislation, the first of its kind in the world, adopts a 'risk-based' approach, imposing stricter regulations on AI systems with higher potential to harm society. The Act aims to standardise AI rules, potentially setting a global standard for AI regulation. Its primary goal is to promote the development and adoption of safe and trustworthy AI systems within the EU's single market, ensuring they respect fundamental rights while fostering investment and innovation. However, the Act exempts certain areas such as military and defence applications, and research purposes. Mathieu Michel, Belgian Secretary of State for digitisation, administrative simplification, privacy protection and building regulation, highlights the Act's emphasis on trust, transparency and [...] ---Outline:(00:15) Legislative Process(01:36) Analyses(05:26) AI Office --- First published: May 28th, 2024 Source: https://artificialintelligenceact.substack.com/p/the-eu-ai-act-newsletter-53-the-law --- Narrated by TYPE III AUDIO.