The EU AI Act is a regulation by the European Union aimed at ensuring the safe and ethical use of artificial intelligence. It categorizes AI systems based on risk levels (e.g., minimal, limited, high, and unacceptable) and imposes strict requirements on high-risk AI applications, such as transparency, accountability, and fairness.
The Act regulates AI systems used in areas like biometric identification, hiring processes, and credit scoring to prevent discrimination and ensure compliance with ethical standards.
The EU AI Act is one of the first major efforts to create comprehensive AI governance globally.
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