EUROPEAN UNION PASSES LANDMARK ARTIFICIAL INTELLIGENCE ACT IN MARCH 2024

European Union approved this significant Artificial Intelligence Act on March 13, 2024. According to European Parliament News, the following were the focus areas of this AI Act:

• Safeguards on general purpose artificial intelligence  
• Limits on the use of biometric identification systems by law enforcement
• Bans on social scoring and AI used to manipulate or exploit user vulnerabilities  
• Right of consumers to launch complaints and receive meaningful explanations 

The law is to be finally adopted by the end of legislature and most will be fully applicable 24 months after its entry into force, with some exceptions.

Please see link from European Parliament News (Dated March 13, 2024): https://www.europarl.europa.eu/news/en/press-room/20240308IPR19015/artificial-intelligence-act-meps-adopt-landmark-law

By
Kap Ocean LLC Team
www.kapocean.com

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