Five big takeaways from Europe's AI Act

The AI Act vote passed with an overwhelming majority, and has been heralded as one of the world's most important developments in AI regulation. The European Parliament's president, Roberta Metsola, described it as "legislation that will no doubt be setting the global standard for years to come." Don't hold your breath for any immediate clarity, though. The European system is a bit complicated. Next, members of the European Parliament will have to thrash out details with the Council of the European Union and the EU's executive arm, the European Commission, before the draft rules become legislation.