The Council of the European Union agrees on the AI regulations, named the Artificial Intelligence Act. The approach that they have established is a “risk-based” approach, which translates into the “higher the risk to cause harm to society, the stricter the rules.” Its ultimate goal is to create better regulations for global standards and to create a benchmark for the technology that AI is using.
The AI Act is more comprehensive than the one that the US is approaching, trying to obtain stability and have better control over the uses of AI. Mathieu Michel, the secretary of state, stated: “The adoption of the AI act is a significant milestone for the European Union.
This landmark law, the first of its kind in the world, addresses a global technological challenge that also creates opportunities for our societies and economies. With the AI act, Europe emphasizes the importance of trust, transparency, and accountability when dealing with new technologies while at the same time ensuring this fast-changing technology can flourish and boost European innovation”.
The AI Act will be applicable starting in 2026 and needs to be applied in the 27 countries that are encountered in the European Union. The act will also be available for those who are outside the EU but use “EU customer data in their AI platforms will need to comply. Other countries and regions are likely to use the AI Act as a blueprint, just as they did with the GDPR."
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