In the dynamic realm of technological advancement, the advent of
artificial intelligence (AI) heralds both promise and peril,
necessitating robust regulatory frameworks to navigate its
complexities. The European Union (EU) has historically shown its
ambition to lead in safeguarding fundamental rights and set global
precedent as can be seen from its work in protecting personal data
and the supra national effect of the GDPR. It therefore comes
as little surprise that the EU has worked in a comprehensive
framework aimed at regulating AI and has now voted in favour of the
AI Act (AIA).
On the 13th of March 2024, the EU parliament
voted on the AIA, which follows the provisional agreement reached
by Parliament and Council negotiators on the 8th of
December 2023. The AIA is expected to enter into force in May or
June 2024, with most of its provisions becoming applicable 2 years
later.