TapTechNews May 22nd news, according to CNBC, the European Council officially approved the world's first major law regulating artificial intelligence on Tuesday. The bill will be announced after going through the relevant signing procedures and will officially take effect 20 days after its announcement. The European Council stated that this is a landmark regulatory law that has set comprehensive rules for artificial intelligence technology.
TapTechNews collated the information on the website of the US law firm Sidley Austin. It is reported that the European Commission proposed the negotiation authorization draft of the Artificial Intelligence Act as early as April 21, 2021. Last December 8, the three parties of the European Parliament, EU member states, and the European Commission reached an agreement on the Artificial Intelligence Act. On January 26 this year, the final compromise text of the Artificial Intelligence Act was released. On February 2, representatives of the 27 EU countries voted unanimously to support the text of the Artificial Intelligence Act. On March 13 this year, the European Parliament overwhelmingly passed the bill with 523 votes in favor, 46 votes against, and 49 abstentions.
The Artificial Intelligence Act proposed the classification of artificial intelligence risk levels, which means that different treatments should be given according to the possible threats to society caused by different applications of artificial intelligence technology, and the law prohibits the application of artificial intelligence whose risk level is considered unacceptable.
At present, the application and development of the mainstream artificial intelligence in the world are mainly dominated by large US technology companies, and this bill makes these companies the focus again. TapTechNews quoted the opinion of Matthew Holman, a partner of Cripps Law Firm, US tech giants have been closely watching this law being formulated. Public-facing generative artificial intelligence systems need to ensure compliance with the new law, and the task in some aspects is quite onerous and may require a significant amount of investment.
Even so, currently commercial generative artificial intelligence such as OpenAI's ChatGPT, Google's Gemini, and Microsoft's Copilot will all have a transition period. From the effective date, they have 36 months to make the technology comply with the legislative requirements.