The European Union (EU) is finalizing the implementation of the Artificial Intelligence Act, which will be the world’s first comprehensive AI law. The regulation will set strict standards for high-risk AI systems, such as those in medicine, law enforcement, and the management of critical infrastructure, with the aim of protecting citizens’ fundamental rights and ensuring that AI is developed and used in a responsible, transparent, and trustworthy manner. This will have a significant impact on global technology companies looking to do business in Europe.
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