”European Council gives final approval to Landmark AI Act”

European Council gives final approval to Landmark AI Act

On May 21, 2024, Council of the European Union issued a press release announcing Council gives final approval to the Artificial Intelligence Act (short: AI Act). The full release can be found here. This legislation, was originally proposed by the European Commission on 21 April 2021, has been politically agreed upon by all three EU institutions (8 December 2023), and adopted by European Parliament on 13 March 2024. During the legislative process it had faced significant challenges in reaching a consensus among member states, addresses the rapid proliferation of AI technologies, exemplified by systems like ChatGPT, and the complexities in regulating them to balance various national interests.

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