The AI Act is expected to be a landmark piece of EU legislation governing the use of artificial intelligence in Europe that has been in the works for over two years
Lawmakers have proposed classifying different AI tools according to their perceived level of risk, from low to unacceptable. Governments and companies using these tools will have different obligations, depending on the risk level.The Act is expansive and will govern anyone who provides a product or a service that uses AI. The Act will cover systems that can generate output such as content, predictions, recommendations, or decisions influencing environments.
Instead, those using high-risk AIs will likely be obliged to complete rigorous risk assessments, log their activities, and make data available to authorities to scrutinise. That would be likely to increase compliance costs for companies.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Explainer: Why markets are in uproar over a risky bank bond known as AT1Just over $17 billion worth of Credit Suisse bonds, known as Additional Tier 1 or AT1, debt will be written down to zero on the orders of the Swiss regulator as part of a rescue merger with UBS .
Read more »
Explainer: What California's atmospheric rivers mean for drought, floods, firesCalifornia has experienced an exceptionally wet winter with 11 atmospheric rivers battering the state since late December. A twelfth such storm is due to land on Tuesday, threatening to cause even more flooding, landslides and road closures.
Read more »
Aliens: Dark Descent Release Date Revealed in New Gameplay ExplainerTindalos Interactive's upcoming Aliens game, Aliens: Dark Descent, now got its release date, as revealed in a new trailer.
Read more »
Explainer: How does bank deposit insurance work, and who does it cover?In the United States and many other countries, the government guarantees a certain amount of each customer’s deposits in the event of a bank failure, to protect both consumers and the broader financial system.
Read more »
Europe's hopes for busy post-COVID summer dim as Chinese tourists stay awayUrs Kessler, who runs Jungfrau Railways, a train that takes tourists up the highest mountain in Switzerland, was excited for the return of Chinese tourists after COVID-19 restrictions were lifted late last year.
Read more »
Paralysis Outbreak in Europe Tied to 'Stomach Botox' ProceduresAn outbreak of botulinum poisoning has been traced back to two private hospitals in Türkiye, where patients underwent a medical procedure intended to help them lose weight.
Read more »