The EU AI Act: Comprehensive AI Regulation

The EU recently confirmed the final text of the EU AI Act, the most extensive AI regulation in the democratic West. The act defines different types of AI applications based on a pyramid of risk, with some applications deemed unacceptable and others considered high risk. It also establishes regulations for foundation models, such as chat GPT, which will be treated as regulated products. The EU AI Act demonstrates a cross-cutting approach to regulating AI technology as a whole and is expected to pass after translation into different EU languages.