The European Union is about to pass comprehensive artificial intelligence regulations, and they will be tough. The European Parliament is due to vote on the legislation on March 13, and one lawmaker said he expected it to pass easily.
Under the current timetable, the bill will essentially take effect in 2026, with some provisions taking effect this year. The bill would regulate different uses of artificial intelligence based on risk, including bans on certain use cases, such as "emotion recognition" systems in the workplace, which would carry the highest fines: 7% of global revenue or 35 million euros, Whichever is higher. The EU will not be the first jurisdiction to regulate AI, but the size of the European market means the EU Artificial Intelligence Bill will have global ramifications. (Financial Associated Press)
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