The European Parliament has given final approval to wide-ranging rules to govern artificial intelligence. The far-reaching regulation – the Artificial Intelligence Act – was passed by lawmakers on Wednesday. Senior European Union officials said the rules, first proposed in 2021, will protect citizens from the possible risks of a technology developing at breakneck speed while also fostering innovation. Brussels has sprinted to pass the new law since Microsoft-backed OpenAI's ChatGPT arrived on the scene in late 2022, unleashing a global AI race. Just 46 lawmakers in the European Parliament in Strasbourg voted against the proposal.