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"What Is the European Union AI Act? A Guide to Understanding It" - Credit: Reuters

What Is the European Union AI Act? A Guide to Understanding It

The European Union (EU) is set to introduce a new Artificial Intelligence (AI) Act in 2023, which will regulate the use of AI across Europe. This act aims to ensure that AI technologies are used responsibly and ethically, while also protecting citizens’ rights and freedoms. The EU has been working on this legislation for some time now, with the aim of creating a legal framework that can be applied across all member states.

The proposed AI Act will cover both existing and emerging applications of artificial intelligence technology. It will include rules on how companies should develop and deploy their AI systems, as well as guidelines for data protection and privacy. In addition, it will establish standards for transparency when using automated decision-making processes such as facial recognition or predictive analytics. Companies must also adhere to ethical principles when developing their algorithms – ensuring they do not discriminate against certain groups or individuals based on race, gender or other protected characteristics.

The goal of the EU’s AI Act is to create an environment where businesses can innovate safely without compromising people’s fundamental rights or putting them at risk from malicious actors who may seek to exploit vulnerable populations through unethical practices involving artificial intelligence technology. To achieve this goal, the act includes provisions such as:

• A requirement for companies to conduct impact assessments before deploying any new AI system;

• Rules around data collection and processing;

• Guidelines for responsible development of algorithms;

• Regulations governing access control over personal data;

• Measures designed to protect users from potential harms caused by automated decisions made by machines;

• Provisions allowing individuals greater control over their own data;

• Requirements that companies provide clear explanations about how their algorithms work so users understand what decisions have been taken about them based on machine learning models;

In addition to these measures aimed at protecting consumers’ rights and freedoms, the proposed legislation also seeks to promote innovation in Europe’s digital economy by encouraging investment in research into artificial intelligence technologies – particularly those related to safety-critical applications such as autonomous vehicles or medical devices – while simultaneously providing safeguards against misuse of these powerful tools by bad actors seeking financial gain or political advantage through manipulation of public opinion via social media platforms like Facebook or Twitter . The EU hopes that its efforts here will help foster trust between citizens and businesses operating within its borders while still enabling technological progress in areas where it could benefit society most significantly .

It remains unclear exactly what form the final version of this law might take but one thing is certain: if passed into effect , it would represent a major step forward towards establishing an ethical framework governing use cases involving artificial intelligence throughout Europe . With more countries around the world beginning explore similar initiatives , there is no doubt that we are entering an era where regulation plays an increasingly important role in shaping our relationship with technology .

Original source article rewritten by our AI: Reuters

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