Should we be worried – European Union regulating use of artificial intelligence?
Proposed by the European Commission on 21 April 2021, AI Act seeks mainly to classify and regulate artificial intelligence applications based on their risk to cause harm. Such classification primarily falls into four categories: banned practices, high-risk systems, and other AI systems with limited and minimal or no risk.
Regulating the use of AI solutions has gotten positive reviews prompted by the Generative AI solution revolution such as the AI tool ChatGPT (Chat Generative Pre-Trained Transformer), an artificial intelligence chatbot developed by OpenAI and launched on November 30, 2022.
