AI Act: A Risk-Based Policy Approach for Excellence and Trust in AI

Artificial intelligence is a promising technology. It is expected to bring a variety of economic and societal benefits to a wide range of sectors, including healthcare, finance, transportation, and home affairs. Powerful machines and algorithms are already capable of diagnosing illnesses performing surgery and driving autonomous cars, these technologies provide us with new tools and disrupt the way we work yet. Human progress is being driven by artificial intelligence in countless ways, including improving health care, improving service delivery, managing energy consumption, and improving public safety. In addition, businesses use AI-based applications to optimize their operations. It is understandable that we have placed a lot of faith in these new technologies, particularly in health care and decision-making.