THE FUTURE IS HERE

The EU agrees on AI regulations: What will it mean for people and businesses in the EU? | DW News

European Union member states and lawmakers reached a preliminary agreement on what they touted as the world’s first comprehensive AI legislation on Friday.

This landmark deal aims to regulate artificial intelligence (AI) technologies, including ChatGPT and governments’ use of AI in biometric surveillance.

According to the European Parliament the new deal sets a global precedent as the world’s first AI law, with the EU poised to be the first major region to implement such laws.

“Historic! The EU becomes the very first continent to set clear rules for the use of AI,” EU Commissioner Thierry Breton, said on social media. “The AI Act is much more than a rulebook — it’s a launch pad for EU startups and researchers to lead the global AI race.”

European Commission President Ursula von der Leyen heralded the “global first” AI Act “for the safety and fundamental rights of people and businesses.”

The agreement is sure to draw close attention from AI companies as various global players mull similar regulations.

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