🔍The European Union has passed the EU AI Act, the world's first comprehensive framework for regulating artificial intelligence.
🤖The EU AI Act aims to make technology more human-centric while ensuring the protection of fundamental rights.
🔒The act defines AI as machine-based systems designed for varying levels of autonomy, including chatbots and deep fakes.
⚖️AI systems are categorized into low-risk, mid-risk, and high-risk, with stricter rules for higher risks and potential harms to society.
💰Fines are imposed for non-compliance with the EU AI Act, ranging from 7.5 million to 35 million EUR.