The European Parliament has adopted the EU AI Act, a comprehensive legislative framework for the governance and oversight of AI technologies in the EU. Parliament passed the measure in a June 14 vote, with the bill receiving a majority of 499 to 28 with 93 abstentions. The Next Step Becomes Law Will Involution Individual Negotiations with Members of the EUROPEAN PARLIAMENT to SORT OUT OUTAILS. Originally proposed by the European Commission on April 21, is a comprehensive set of rules for the development of Artificial intelligence in the EU.
According to a Press Release from the European Parliament: "The Rules are designed to promote the Adoption of Human-Centredword and TrustWorthy Intelligenc E, and to protrly, safety, functional rights, and democracy from its harmful effects. bill would ban certain types of AI services and products while restricting or restricting other types of AI services and products. Technologies banned outright include biometric surveillance, social scoring systems, predictive policing, so-called "emotion recognition" and untargeted facial recognition systems. Generative AI models, such as OpenAI's ChatGPT and Google's Bard, will be allowed to operate on the condition that their output is clearly marked as AI-generated.
Once the bill becomes law, any AI system that could "cause significant harm to people's health, safety, fundamental rights or the environment" or "affect voters and election outcomes" will be classified as high risk and subject to further governance.
Parliament passed the EU AI bill just two weeks after the supranational Market in Cryptoassets (MiCA) Act became law on May 31. In both cases, industry leaders are among those leading the regulation. OpenAI CEO Sam Altman has been one of the strongest sup porters of government oversight of the AI industry. He recently tested to Congress at a hearing in which he made it clear that he believes regulation is necessary. However, Altman also recently warned European regulators not to over-regulate. On the cryptocurrency front, Ripple's managing director for Europe and the UK, Sendi Young, recently told that she believes MiCA will help create a “level playing field” for companies in the European crypto industry.
