What is EU AI Act 2024?

What is EU AI Act 2024?

  September 04, 2024    Davinder

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I will tell you short and crisp summary of what is exactly EU AI ACT:

This act is required to develop ethical artificial intelligence and machine learning applications in Europe.
It officially came into force on August 1, 2024.

The European Union's Artificial Intelligence Act categorizes systems into four categories based on their risk levels.

Minimal Risk: Artificial intelligence systems that have no impact are considered minimal risk.

Limited Risk: There is a limited risk of an artificial intelligence system requiring transparency regarding their nature. Users must be informed that they are interacting with a bot.

High Risk: The use of artificial intelligence systems in critical areas such as transport, healthcare, safety, critical infrastructure, and law enforcement is high risk. Self-driving cars and surgery are examples.

Unacceptable Risk:Artificial Intelligence systems are considered too dangerous or unethical to use. These are not allowed. In China, social scoring systems are used to rate individuals based on their behavior. The ability to secure loans can be affected by this scoring.

Now lets identify risk level for chat GPT?

It is classified as having limited risks. This classification is being reviewed. European companies are looking into the data used to train such models. If personal data was used in the training of these models, compensation should be provided by the companies.