European Union lawmakers pass legislation to restrict AI applications

The AI Act operates on a "risk-based approach," originally crafted as consumer safety legislation aimed at regulating products or services utilizing Artificial Intelligence. Endorsed by a majority in the European Parliament, the legislation imposes rigorous regulations governing the deployment of AI systems. Under the new framework, high-risk AI applications, including those utilized in healthcare, transportation, and law enforcement, will undergo thorough scrutiny and must adhere to stringent transparency and accountability standards.