The European Parliament approved the E.U. AI Act, a sweeping package that aims to protect consumers from potentially dangerous applications of artificial intelligence. The AI Act is a proposed law on artificial intelligence (AI) – the first law on AI by a major regulator anywhere. The law assigns applications of AI to three risk categories. First, applications and systems that create an unacceptable risk, such as government-run social scoring of the type used in China, are banned. Second, high-risk applications, such as a CV-scanning tool that ranks job applicants, are subject to specific legal requirements. Lastly, applications not explicitly banned or listed as high-risk are largely left unregulated.

A summary presentation on the Act by the European Commission can be downloaded here.