Fortune
•70% Informative
The EU 's AI Act is the world's first rule book for a sprawling new technology with seismic implications.
How the fine print is interpreted and enforced will have a far-reaching impact on the tech industry’s future by dictating the kinds of products businesses can create and how they can harness customer data.
Countries are weighing the protection of their citizens from dangers like privacy violations, bioweapons, and large-scale cyberattacks.
The EU act compelled the biggest tech giants (largely American ) to be fully compliant, while likely giving Europe ’s startups years to grow before being subjected to the same rules.
France and Germany argued hard to protect their own AI champions, specifically Paris -based startup Mistral AI (founded by former Meta and Google scientists) and Aleph Alpha in Germany .
Governments worldwide have floated or voted on AI regulations, creating a smorgasbord of rules.
Facial recognition is among the most contentious types of AI and is heavily criticized by civil rights groups.
The EU would require companies to disclose the data they use, while Biden ’s order instructs U.S. patent offices to study the issue.
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