What is the EU AI Act? | – #Act
LONDON, March 22 (Reuters) – The Artificial Intelligence Act is expected to be a landmark piece of EU legislation governing the use of artificial intelligence in Europe for more than two years.
Lawmakers to rank different AI tools according to their perceived level of risk from low to unacceptable offer they did. Governments and companies using these instruments will have different obligations depending on the level of risk.
WHAT IS ASSET COST?
Law is broad and will govern anyone providing a product or service that uses artificial intelligence. Law content will include systems that can generate outputs such as predictions, recommendations, or decisions that affect the environment.
In addition to the use of artificial intelligence by companies, it will also look at AI used in the public sector and law enforcement. It will work alongside other laws such as the General Data Protection Regulation (GDPR).
Those using AI systems that interact with humans, are used for surveillance purposes, or can be used to generate “deeply fake” content face strong transparency obligations.
WHAT IS ‘HIGH RISK’ PRISON DONE?
A number of AI tools can be considered high-risk, such as those used in critical infrastructure, law enforcement, or education. They are one level below “unacceptable” and therefore not outright banned.
Instead, those using high-risk AIs will have to complete rigorous risk assessments, record their activities and submit the data to authorities for review. This can increase compliance costs for companies.
Many of the “high-risk” categories where the use of AI will be heavily regulated will be law enforcement, migration, infrastructure, product safety and justice.
WHAT IS ‘GPAIS’?
GPAIS (General Purpose AI System) was introduced by legislators to consider AI tools with multiple applications, such as generative AI models such as ChatGPT offer is a category.
Lawmakers are currently debating whether all forms of GPAIS will be designated as high risk and what that means for tech companies looking to implement AI in their products. The draft does not clarify what obligations artificial intelligence system manufacturers will be subject to.
WHAT IF A COMPANY BREAKS THE RULES?
The proposals state that violators of the AI law could face fines of up to 30 million euros, or 6% of global profits.
For a company like Microsoft ( MSFT.O ), which backs ChatGPT creator OpenAI, it is found to be breaking the rules. 10 billion could mean a fine of more than a dollar.
WHEN WILL THE ARTIFICIAL INTELLIGENCE ACT COME INTO FORCE?
Although the industry expects the law to be passed this year, there is no specific time frame. The act is discussed by parliamentarians and after they reach a common denominator the European parliament, European Union Council and Europe There will be a trilogue between the representatives of the Commission.
Once the terms are finalized, there will be a grace period of approximately two years to allow affected parties to comply with the regulations.
Reporting by Martin Coulter and Supantha Mukherjee; Edited by Bernadette Baum
Our standards: Thomson Reuters Trust Principles.
2023-03-22 10:31:31
Source – reuters
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