Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»EU Parliament approves landmark AI bill paving the way for safe and ethical AI development
TRADING NEWS

EU Parliament approves landmark AI bill paving the way for safe and ethical AI development

By Crypto FlexsMarch 13, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
EU Parliament approves landmark AI bill paving the way for safe and ethical AI development
Share
Facebook Twitter LinkedIn Pinterest Email

AI regulatory milestones

The European Parliament has made history by approving the EU AI Act, one of the world’s first comprehensive regulations on artificial intelligence. The bill aims to ensure that AI development within the European Union is trustworthy, safe and respects fundamental rights while promoting innovation.

Key content of EU AI law

EU AI law classifies AI applications into four risk-based categories, with the high-risk model subject to the strictest rules. The bill would ban “unacceptably risky” AI systems that pose clear threats to safety, livelihoods and rights, such as government social scoring or toys that encourage risky behavior.

Impact on AI Applications

High-risk applications include critical infrastructure, education, safety components of products, essential public services, and law enforcement. Limited-risk applications focus on transparency in the use of AI, including ensuring users are aware when interacting with an AI chatbot.

Implementation and Enforcement

The EU AI law is set to undergo minor linguistic changes at the translation stage before a final vote in April and publication in the official EU journal in May. The ban on prohibited practices will begin to take effect in November and a timeline for mandatory compliance will be set.

Response from industry and experts

EU AI law has drawn criticism from some tech companies concerned about over-regulation, but others, such as IBM, have praised the bill for its risk-based approach and commitment to ethical AI practices. Christina Montgomery, IBM’s vice president and chief privacy and trust officer, praised the EU’s leadership in passing the bill.

An updated version of the EU AI Act compliance checker, based on the final draft of the law, is now available. If you find any issues during testing, please let us know. All feedback so far has been very helpful. https://t.co/fetDkciZcp pic.twitter.com/jd6eAKoSv8

— RistoUuk (@RistoUuk) March 12, 2024

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

How Algorand is quietly building the future of finance around the world

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025
Most Popular

IPOR: Protocol Key Audit Summary

December 19, 2023

Paying Student Loans with Bitcoin (Complete Guide)

December 1, 2023

Telos collaborates with R&D firm Ponos on hardware-accelerated Ethereum ZkEVM

April 19, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.