European Commission 21 April 2021, Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL LAYING DOWN HARMONISED RULES ON ARTIFICIAL INTELLIGENCE (ARTIFICIAL INTELLIGENCE ACT) AND AMENDING CERTAIN UNION LEGISLATIVE ACTS

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The proposed Regulation on Artificial Intelligence (Artificial Intelligence Act) aims to establish harmonised rules for the development, placement, and use of AI systems within the EU, ensuring they are safe, trustworthy, and compliant with fundamental rights and Union values. It introduces a risk-based regulatory framework that categorizes AI systems as high-risk and mandates compliance with specific requirements, while also prohibiting certain harmful practices. The proposal seeks to enhance legal certainty, foster innovation, and prevent market fragmentation, thereby positioning the EU as a global leader in ethical AI development.AI