Over the last couple of years, European legislators, authorities
and various bodies have intensified their efforts and each month
strived for a better, bigger and more comprehensive regulation of
artificial intelligence. On 21 April 2021, after over
three years of intense works and countless related publications,
the European Commission has published its legislative proposal for
the Artificial Intelligence Act ("AI
Act"). The AI Act combines the legal framework on AI
and a new Coordinated Plan with Member States and aims to ensure
the safety and fundamental rights of people and businesses, while
also supporting innovation. "[O]n Artificial Intelligence,
trust is a must, not a nice to have," says Margrethe
Vestager, Executive Vice-President for a Europe Fit for the Digital
Age. "With these landmark rules, the EU is spearheading
the development of new global norms to make sure AI can be
trusted [...] Future-proof and innovation-friendly, our
rules will intervene where