EU Publishes Framework for Artificial Intelligence Regulation - My TechDecisions

Artificial intelligence and the potential dangers of allowing this technology to grow too big too quickly have been long debated. For decades popular sci-fi media brought to the light the potential risks of AI, but only in the past several years has the technology evolved in a way that the discussion has migrated to the real world. As a response to this rapid evolution of AI, the European Union has published a new framework to regulate the use of AI across the 27 member states. The regulations cover a wide range of applications, from software in self-driving cars to algorithms used to vet job candidates, and arrive at a time when countries around the world are struggling with the ethical ramifications of artificial intelligence. Similar to the EU's data privacy law, GDPR, the regulation gives the bloc the ability to fine companies that infringe its rules up to 6 percent of their global revenues, though such punishments are extremely rare.