The European Union has taken a monumental step by endorsing the final text of the EU AI Act, a pioneering piece of legislation aimed at governing the use of artificial intelligence across member states. This regulatory framework adopts a risk-based approach to AI applications, emphasizing the need for transparency, safety, and adherence to fundamental rights before these technologies can enter the market. With a critical committee vote looming and the European Parliament set to deliberate soon, this legislation could serve as a blueprint for global AI governance.
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