The EU's proposed AI act was endorsed by the European parliament on Wednesday, and is a milestone in regulating the technology. The vote is an important step towards introducing the legislation, which now requires the formal approval of ministers from EU member states. Consumers will not notice an immediate difference, given that the act will be implemented over a period of three years, but it will answer some concerns over the technology. "Users will be able to trust that the AI tools they have access to have been carefully vetted and are safe to use," said Guillaume Couneson, partner at law firm Linklaters. "This is similar to users of banking apps being able to trust that the bank has taken stringent security measures to enable them to use the apps safely."