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ARTICLE · 21 MARCH 2024

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Breaking Boundaries: EU's AI Act Unveiled

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On Wednesday 13 March 2024, the European Parliament approved the EU Artificial Intelligence Act ("AI Act"). Through this landmark regulation, the EU is signaling its firm stance on AI regulation...

European UnionTechnology

On Wednesday 13 March 2024, the European Parliament approved the EU Artificial Intelligence Act ("AI Act"). Through this landmark regulation, the EU is signaling its firm stance on AI regulation at a time when AI is surging across various sectors.

"We finally have the world's first binding law on artificial intelligence, to reduce risks, create opportunities, combat discrimination, and bring transparency" - Brando Benifei (the Internal Market Committee co-rapporteur).

Indeed, the stated objectives of the AI Act are to promote the use of AI in a safe and transparent manner respecting fundamental rights and democracy, whilst fostering innovation and economic growth.

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