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Introducing the World's First AI Regulation: The EU AI Act! 🌟 The regulation of Artificial Intelligence (AI) has been a hot topic on the global stage, and the European Union (EU) has taken a monumental step forward with the recent passing of the EU AI Act. The EU AI Act, passed on 13 March 2024, marks a historic moment, establishing harmonized rules for AI development, market placement, and usage within the European Union. With a focus on risk assessment, the Act categorizes AI systems and imposes stringent requirements, including bans on manipulative AI and real-time remote biometric identification systems. To ensure adherence, substantial penalties are in place and the creation of the AI Office, with direct enforcement powers and a scientific panel of independent experts, further reinforces the EU's commitment to ethical AI governance. As this legislation unfolds, it prompts anticipation regarding its practical implementation and its repercussions on AI innovation and ethics. Furthermore, it sets a precedent for AI regulation globally, igniting curiosity about how other regions will respond and shape their own AI governance frameworks. #AIRegulation #EULaw #EthicalAI

Vice President Kamala Harris has proposed several specific measures for AI regulation, emphasizing the need for comprehensive oversight to ensure the technology's safe and ethical use. Key initiatives include the establishment of government-wide policies to mitigate AI risks. These policies mandate federal agencies to implement safeguards by December 1, 2024, to assess, test, and monitor AI's impacts, prevent algorithmic discrimination, and ensure transparency in AI usage. Additionally, Harris has highlighted the importance of international cooperation on AI norms, as evidenced by the United Nations General Assembly resolution she supported, which aims to create global standards for AI deployment and use. Learn more: https://lnkd.in/gjn283iQ #Tech #AI #ArtificialIntelligence

The EU Artificial Intelligence Act, effective August 1, 2024, is the first comprehensive regulatory framework for AI globally. https://lnkd.in/g83_bXQ4 Here are the key points: #Risk-Based Approach: The Act categorizes AI systems based on risk levels, imposing stricter regulations on high-risk applications. #Compliance-Penalties: Non-compliance can result in fines up to EUR 35 million or 7% of global annual turnover. Phased Implementation: Key timelines include: #Feb 2025: Prohibition of certain high-risk AI systems. #Aug 2025: Regulations for general-purpose AI models. #Aug 2026: Most provisions for high-risk systems come into effect. #Aug 2027: Remaining provisions apply. #Global Benchmark: The Act is expected to influence AI governance worldwide, promoting safety, transparency, and the protection of fundamental rights. This landmark legislation is a significant step towards responsible AI development and deployment. #AIRegulation #AI

AI regulations aren’t barriers to innovation—they’re a roadmap to ethical and safe AI. Hear from our Head of Regulatory Consulting Antonina Burlachenko and Co-Lead of the AI Innovation Hub Martin Fix, as they discuss: 🔹 Why AI regulation is crucial for avoiding legal and reputation risks 🔹 How the EU AI Act classifies high-risk systems and the importance of implementing AI Management Systems (AIMS) early 🔹 Addressing bias and ensuring data privacy in AI to mitigate unintended consequences Listen to the full episode 🎧: https://lnkd.in/eqq4nCcm Stay tuned for more conversations between our AI and industry experts as they tackle key questions surrounding AI. #AI #SafeAI #Innovation #AICompliance #AIMS

The EU’s AI Act entered into force on 1 August, starting a two-year process of implementation. Between now and the start of August next year, governments across the EU will appoint national authorities for AI. #AIregulation #euAI #AIact

The AI Act of the European Union was published today as REGULATION (EU) 2024/1689 https://lnkd.in/dcFwQ-9f The AI Act is the first-ever comprehensive legal framework on AI worldwide. This Regulation is part of a wider package of policy measures to support the development of trustworthy AI, which also includes the AI Innovation Package and the Coordinated Plan on AI. Together, these measures will guarantee the safety and fundamental rights of people and businesses when it comes to AI. They will also strengthen uptake, investment and innovation in AI across the EU. https://lnkd.in/dfi7yG9B #AI #EU #EUregulation #regulation #compliance #artificialintelligence

For Detailed Analysis visit our Blog : https://lnkd.in/dNgBj2fG The Executive Order on AI Safety and Trust outlines a strategic framework to ensure the responsible development and deployment of artificial intelligence. It introduces stringent regulations, ethical guidelines, and compliance requirements for various stakeholders, including government agencies, industry, and academia. By promoting transparency, accountability, and collaboration, the order aims to build public trust and foster innovation in AI technology. #AISafety #EthicalAI #AIRegulations #AICompliance #AITrustworthiness #AITrust #EthicalAI #ComplianceRequirements #TransparencyInAI #AccountableAI #CollaborativeAI #PublicTrustAI #InnovationInAI #AwsomeLLC

The European Union has passed the AI Act, the first comprehensive global regulation for artificial intelligence. This landmark law emphasizes trust, transparency, and accountability while fostering innovation. Key Points: - The AI Act comes into force next month. - It sets rules for AI models, products, and bans predictive policing and untargeted scraping of facial images. - Fines for violations can be substantial, impacting global businesses, including those in the US. This regulation marks a significant milestone and will influence AI development and compliance worldwide. Responsible innovation and adherence to new standards are crucial. Stay informed and prepared for these changes as they shape the future of AI: https://ow.ly/mnbb30sCGz8 #AIRegulation #Innovation #Technology #Imprivata #EUAIAct

𝗟𝗼𝗻𝗴 𝗮𝘄𝗮𝗶𝘁𝗲𝗱 𝗘𝗨’𝘀 𝗔𝗿𝘁𝗶𝗳𝗶𝗰𝗶𝗮𝗹 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲 𝗔𝗰𝘁 𝗡𝗼𝘄 𝗶𝗻 𝗙𝗼𝗿𝗰𝗲! The European Union has solidified its position as a global leader in AI regulation. The long-awaited Artificial Intelligence Act was officially published in the Official Journal on July 12, 2024. This comprehensive legislation establishes a groundbreaking framework for AI development and deployment within the EU. Key provisions of the Act will come into effect in stages, with a ban on AI systems posing unacceptable risks starting on February 2, 2025 and stringent requirements for high-risk systems following on August 2, 2027. The entire Act will become legally binding across all member states on August 2, 2024. This landmark legislation is set to have a profound impact on the global AI landscape. #EUAIAct #AIRegulation #ArtificialIntelligence #DataPrivacy