The European Union's AI Act is the first comprehensive set of regulations for the artificial intelligence industry.
The law proposes requiring generative AI systems, such as ChatGPT, to be reviewed before commercial release. It also seeks to ban real-time facial recognition.
The rules are the first comprehensive regulations for AI, which has become a key battleground in the global tech industry, as companies compete for a leading role in developing the technology — particularly generative AI, which can generate new content from user prompts.What generative AI is capable of, from producing music lyrics to generating code, has wowed academics, businesspeople, and even school students. But it has also led to worries around job displacement, misinformation, and bias.
The Parliament also decided to hold firm with a ban on real-time biometric identification systems, as well as controversial "social scoring" systems.
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