TechWizard Feature: EU’s New Artificial Intelligence Act

What is the EU’s new Artificial Intelligence Act and its impact on the UK?

Members of the European Parliament have voted overwhelmingly to approve a new world-leading set of rules on artificial intelligence. These rules are designed to ensure that humans remain in control of the technology and that it benefits the human race.

Key Changes in the Artificial Intelligence Act:

• The rules are risk-based, with higher-risk AI systems facing more scrutiny.
• Companies must make it clear when AI technology is being used.
• Deepfakes must be labeled to prevent the spread of disinformation.
• AI applications deemed “too risky” are banned.
• Powerful AI models will face extra scrutiny to prevent misuse.

Impact on the UK:

The UK will be impacted by the EU’s Artificial Intelligence Act, as governments are closely examining it for inspiration. The UK currently has AI guidelines that are not legally binding, but the new EU regulations are setting a precedent for other jurisdictions to follow. Prime Minister Rishi Sunak has also announced the establishment of the world’s first AI safety institute in the UK.

Overall, the EU’s Artificial Intelligence Act is groundbreaking and has the potential to shape AI regulations globally.