EU Finalizes Landmark AI Regulation with Global Implications

The groundbreaking AI Act establishes strict rules for high-risk applications, bans certain uses, and aims to set a global standard.

The AI Act adopts a risk-based approach, imposing stringent regulations on high-risk AI systems.
It bans AI applications for social scoring, cognitive behavioral manipulation, and predictive policing based on profiling.
The law exempts AI systems used for military, defense, and research purposes.
New governing bodies, including an AI office and advisory forums, will oversee enforcement and compliance.
The Act is expected to influence global AI regulations, similar to the EU's GDPR privacy rules.