EU lawmakers approve the political agreement on artificial intelligence rules

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EU lawmakers approve the political agreement on artificial intelligence rules
EU lawmakers approve the political agreement on artificial intelligence rules

Two major groupings of MPs in the European Parliament forged a temporary deal on landmark artificial intelligence laws.

Two main groups of MPs in the European Parliament signed a temporary agreement on momentous artificial intelligence laws on Tuesday, paving the way for the parliamentary assembly’s vote in April to pass the world’s first legislation on the technology.

The new rules, known as the Artificial Intelligence Act, seek to establish guidelines for a technology that is employed in a wide range of businesses, including banking, automobiles, electrical items, and airplanes, as well as security and law enforcement.

The standards will also govern foundation models or generative AI, such as the one developed by Microsoft-backed OpenAI, which are AI systems trained on massive datasets and can learn from fresh data to do a variety of jobs.

“MEPs in @EP_Justice & @EP_SingleMarket have endorsed the provisional agreement on an Artificial Intelligence Act that ensures safety and complies with fundamental rights,” one of the two European Parliament committees tweeted on X.

Earlier this month, EU members backed France after it gained concessions to reduce the administrative burden on high-risk AI systems and provide improved security for commercial secrets.

However, Big Tech remained cautious, concerned about the ambiguous and generic phrasing of some of the regulations as well as the law’s influence on innovation.

Also readContinuous evolution is crucial in product development, processes, technology, and thinking, says Daya Shanker, CTO & Group Vice President at Comviva

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