EUROPE: New Artificial Intelligence Regulation

New Artificial Intelligence Regulation

Last March, by means of a Legislate Resolution of the European Parliament, dated March 13th, 2024, the new European Regulation on Artificial Intelligence (Artificial Intelligence Act) was approved. The European Union takes a major step to get ahead in the race to regulate artificial intelligence. The referred rule was created with the primary goals of:

- Ensuring that artificial intelligence systems used in the European Union and introduced in the European market are safe and guarantee the protection of fundamental rights.

- Encourage investment and innovation in the field of artificial intelligence in Europe.

The approved text refers to an artificial intelligence system (AI system) as “a machine-based system, designed to function with diverse levels of autonomy, that can exhibit post-deployment adaptability and that, for explicit or implicit objectives, infers from the input information it receives, how to generate output information, such as predictions, content, recommendations, or decisions, that can influence physical or virtual environments.”