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First risk-tiering based regulation for AI


While the idea of AI has been around since the 1950s, recent advances in computer power and the benefits of having a computer that can ‘think’ have put a spotlight on AI. The exponential improvement in AI has surpassed predictions regarding its processing speed and surprised everyone.

Thanks to new developments like generative AI and learning methods such as reinforcement learning, AI is becoming more skilled in natural language generation and processing, logical reasoning, and creating new patterns and models. These technical capabilities are projected to reach their highest performance level much sooner than initially thought.

Yet, such a rapid evolution without any regulation has introduced threats to human lives and businesses and introduced technical and social risks. With such an enormous scope, from machine learning algorithms to convolutional neural networks, AI has been a complex topic to cover under an act.

On 9th of December 2023, the EU published its AI legislative act to regulate the paradigm-shifting technology. As it’s the first of its kind, the Act puts the EU ahead of any other state or organisation in the race to regulate AI and its potential risks.

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