An Analysis of the EU AI Act: Risks v. Rewards
Artificial Intelligence (‘AI’) has already changed the way the world works through its ability to perform tasks that would normally require human intelligence and other extrinsic resources. In the midst of rapid AI development and advancements, regulating AI in a way that minimizes harm without stifling development is a major challenge for legislators. The EU AI Act, passed by the Parliament in March 2024 , is the “first comprehensive regulation on AI by a major regulator anywhere ,”...