EU AI Act: European Parliament adopts the first comprehensive AI law
In one sentence The European Parliament formally adopts the AI Act, the world's first comprehensive AI law, with a risk-based approach and specific obligations for foundation models.
The European Union approves the world's first comprehensive AI law. It doesn't concern a single product but sets rules for all AI systems used in Europe.
The core idea is to classify each system by risk level: forbidden (e.g. China-style social scoring), high risk (e.g. AI for hiring or judicial decisions), limited risk (chatbots, where you must at least warn users they're talking to an AI), and low risk (spam filters, video games).
Large models like GPT-4 have extra obligations: transparency, security, incident reporting. Fines reach up to 7% of global turnover.
Companies
European Parliament
Tools
—
Tags
Sources