EU's new AI Act aims to regulate artificial intelligence

The European Union has approved the new AI Act, which aims to regulate artificial intelligence. The act emphasizes that AI must serve people and comply with people's rights. It categorizes AI systems based on their level of risk and introduces regulations for high-risk systems. These regulations include requirements for data use, transparency, and accountability. The act also bans certain AI practices, such as biometric identification in public spaces and predictive policing. Companies like OpenAI, Microsoft, and Google initially resisted the regulation but ultimately supported it. The full text of the act will be available in the coming weeks.