Europe Proposes Comprehensive AI Regulation to Ensure Ethical and Responsible Use

European regulators have unveiled a groundbreaking proposal aimed at regulating artificial intelligence (AI) technology to ensure ethical and responsible use. The proposed legislation, known as the European Artificial Intelligence Act, seeks to address potential risks associated with AI while promoting innovation and safeguarding fundamental rights. The European Commission, the executive branch of the European Union (EU), spearheaded the development of the proposed regulations. The Act classifies AI systems into different categories based on the level of potential harm they may pose, ranging from unacceptable to minimal. It imposes stricter regulations on high-risk AI systems, such as those used in critical infrastructure, transportation, and healthcare, while allowing for lighter oversight of less risky applications. The proposed regulations prioritize transparency and accountability. Developers of high-risk AI systems would be required to meet specific criteria, including...