“The EU’s AI Act could become the de facto global standard for artificial intelligence, with companies and organizations potentially deciding that the sheer size of the bloc’s single market would make it easier to comply than develop different products for different regions.”
Kelvin Chan
European Union legislators are moving swiftly to regulate AI systems. Europe is the first large jurisdiction to try to enact AI laws, covering AI providers of services and products in a broad reach.
Regulations could be approved by the EU Parliament this week and then be subject to a series of follow-on negotiations.