LONDON — (AP) — The European Union’s world-first artificial intelligence law formally took effect on Thursday, marking the latest milestone in the bloc’s efforts to regulate the technology.
Officials say the Artificial Intelligence Act will protect the “fundamental rights” of citizens in the 27-nation bloc while also encouraging investment and innovation in the booming AI industry.
Years in the making, the AI Act is a comprehensive rulebook for governing AI in Europe, but it could also act as a guidepost for other governments still scrambling to draw up guardrails for the rapidly advancing technology.
The AI Act covers any product or service offered in the EU that uses artificial intelligence, whether it’s a platform from a Silicon Valley tech giant or a local startup. The restrictions are based on four levels of risk, and the vast majority of AI systems are expected to fall under the low-risk category, such as …