The AI Act – EU's First Artificial Intelligence
Regulation
January 2024 – In a ground-breaking move, on 8
December 2023, the European Parliament officially reached a
provisional agreement with the Council on the AI act. With this
agreement, the European Union has implemented the world's first
comprehensive regulation on artificial intelligence, known as the
AI Act. This landmark regulation is now in it's final stage of
implementation, as it still needs to be formally adopted by the
Parliament and the Council. The AI Act aims to safeguard the
well-being and fundamental rights of EU citizens, setting a
precedent for global AI governance.
In April 2021, the European Commission proposed the first
European Union ("EU") regulatory
framework for artificial intelligence
("AI"). The main objective is to
classify different AI systems according to the risk they pose to
users. The various risk levels will mean more or less regulation.
Once formally adopted, this will be
