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EU's Historic AI Regulation Proposal Could Pave The Way for Responsible AI Development For The World

Grand News Network | October 18, 2023

The EU reportedly plans to introduce a novel three-tiered system to regulate artificial intelligence systems and models, potentially making it the first Western government to do so.

What Happened: The EU’s proposed regulatory scheme would classify and control AI technology according to its power and adaptability. The system would require different levels of external testing for various AI systems, making the EU the first Western government to enforce mandatory rules on AI, reported Bloomberg, citing the proposal document. 

The AI Act, the proposed legislation, would necessitate AI systems for predicting crime or sorting job applications to undergo risk assessments, among other prerequisites.​​ The goal is to finalize the legislation by year-end, following a meeting scheduled for Oct. 25.

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Full story available on Benzinga.com


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