European Union Signs Revolutionary Agreement on AI Regulation


The agreement was reached after a full day of intensive discussion on December 8th and subsequent 15 hours of negotiating.

On Friday, December 8th, negotiators from the European Parliament and Council made great strides forward in their efforts to regulate artificial intelligence (AI), achieving a preliminary agreement.

This historic agreement covers several aspects of AI implementation, including government biometric monitoring, rules for AI systems like ChatGPT, and transparency standards before entering the market.

Included in this are things like releasing training course summaries, technical documentation, and adhering to copyright restrictions in the EU.

In order to encourage its positive use while protecting against any hazards, the European Union is on the verge of becoming the first supranational body to establish thorough AI legislation.

The agreement was reached after a full day of intensive discussion on December 8th and subsequent 15 hours of negotiating.

The agreement states that AI models that pose systemic risks must evaluate and reduce those risks, run adversarial tests to ensure their systems are resilient, notify the European Commission of any incidents, take cybersecurity seriously, and be transparent about their energy efficiency efforts.

Under the provisions of the agreement, there are certain rules that general-purpose AI systems that pose hazards must follow.

In addition, governments may only utilize real-time biometric monitoring in very particular cases, such as when there is a serious danger to public safety or when specified kinds of crimes are committed.

Biometric systems that infer personal data, including views and orientations, social scoring, and cognitive behavioral manipulation, are all outright forbidden under the agreement.

Additionally, it guarantees that customers may lodge complaints and request explanations in the event that any infractions occur.

Incidental fines may be as high as 35 million euros ($37.7 million), or 7% of a firm’s worldwide revenue, or as low as 7.5 million euros ($8.1 million), depending on the seriousness of the infraction and the size of the organization.

After the European Parliament and Council formally approve the agreed-upon document, it will become legislation in the European Union, according to the parliament.

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