The European Union Will Tighten The Rules for Regulating Artificial Intelligence

In order to avoid the worst-case scenario of artificial intelligence (AI) technologies, the European Union is committed to maximizing its economic potential.

A draft law from the European Commission would completely ban any use of certain artificial intelligence (AI) systems and would impose a fine of 20 million euros or 4% of income on any country that violates the ban. The final bill will be presented on April 21, 2021.

European Union regulators are challenging AI companies to take on more complex tasks in order to protect consumers. Yet the EU does not want to keep the market powerful companies to themselves, as is the case in some parts of the United States.

It means that the EU will welcome artificial intelligence systems that improve energy efficiency, optimize production, simulate climate change, and analyze national and global data to help governments and businesses overcome problems. However, these new technologies often get labeled as “high risk” technologies, requiring more scrutiny.

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