Daily News Analysis » March 2024 » Artificial Intelligence Act (AI Act, 2024) : 19 Mar 2024

Artificial Intelligence Act (AI Act, 2024) : 19 Mar 2024

Key Points about the act:

Objective

  • to protect fundamental rights, democracy, while fostering innovation in high-risk AI applications.
  • to make sure that AI systems used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.

Prohibition

  • It prohibits the use of real-time remote biometric identification in publicly accessible spaces, except for limited exceptions.

Categories of AI systems risk level

  • Unacceptable risk (Prohibition).
  • High-risk (Requires conformity assessment and monitoring).
  • Specific Transparency risk (Require information and transparency obligations).
  • Minimal risk (No specific regulations).

Why in news?

The European Parliament has passed the  first regulation on artificial intelligence, the Artificial Intelligence Act (AI Act, 2024).