EU Paves The Way For U.S. In The Regulation Of A.I.

As concerns about Artificial Intelligence (AI) continue to swell worldwide, the European Union (EU) is providing a regulatory roadmap for the international community. On May 11, 2023, the European Parliament's Committee on Civil Liberties, Justice and Home Affairs and Committee on Internal Market and Consumer Protection voted to approve the Artificial Intelligence Act. As written, the Act represents a global first in the approach to the legal risk management of AI that the U.S. and other nations will surely consider as AI undergoes rapid evolution. The Act sets a tone for the inevitable alignment between the U.S. and EU, as the desire for transatlantic collaboration, regulatory oversight, appropriate industry standards, and facilitation of economic partnerships continue to remain a priority. While the AI Act has been approved by lawmakers in the European Parliament, the legislation must still go through additional steps before it becomes law.