The EU's AI Act: Is it unfair to insurers?

The regulation's scope encompasses all sectors (except for military) and aims to introduce a common regulatory and legal framework for AI, ensuring that all AI systems are safe and respect existing law on fundamental rights and values. Personally, I think AI regulation and governance is very important. We've all seen the sci-fi movies where artificially intelligent robots (sorry, beings) take over the world and attempt to bring about the end of humanity as we know it, until some bruised and battered hero saves the day. While that's the worst-case scenario meant only for our screens, there are some real use-cases for AI that are actually quite scary. Think about deepfakes, for example, where AI is used to forge an image, video, or audio recording with such precision that the average human is unlikely to detect any manipulation.