The Act has faced criticism from some EU countries, including Germany and France, who argue that excessive regulation could hinder Europe's ability to compete with Chinese and American tech companies. However, supporters of the Act believe it will help control the development of AI and prevent potential abuses, such as the creation of deepfakes. The Act is seen as the starting point for a new model of governance built around technology.
Key takeaways:
- The European Union's parliament has endorsed the world's first major set of regulatory ground rules to govern artificial intelligence, with 523 votes in favour, 46 against and 49 votes not cast.
- The EU AI Act, born in 2021, categorizes AI technology into levels of risk, ranging from 'unacceptable' to high, medium, and low hazard.
- Some EU countries, including Germany and France, have expressed concerns that stifling regulation could hinder Europe's ability to compete with Chinese and American companies in the tech sector.
- Concerns are growing over the potential misuse of artificial intelligence, including the creation of deepfakes, particularly in the context of global elections.